Close Brothers Group (LON:CBG) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Close Brothers Group (LON:CBG) in a report published on Tuesday morning, Marketbeat Ratings reports.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 610 ($7.51) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 556.60 ($6.85).

Close Brothers Group Stock Performance

LON:CBG opened at GBX 219.80 ($2.70) on Tuesday. Close Brothers Group has a 1 year low of GBX 179.83 ($2.21) and a 1 year high of GBX 785 ($9.66). The stock has a fifty day moving average price of GBX 223.46 and a two-hundred day moving average price of GBX 376.44. The stock has a market capitalization of £330.78 million, a price-to-earnings ratio of 366.33, a PEG ratio of 1.87 and a beta of 0.82.

Insiders Place Their Bets

In related news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of GBX 241 ($2.97), for a total transaction of £26,232.85 ($32,278.64). 2.91% of the stock is owned by company insiders.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.