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

Shore Capital restated their hold rating on shares of Close Brothers Group (LON:CBGFree Report) in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other research firms have also commented on CBG. Berenberg Bank dropped their target price on Close Brothers Group from GBX 1,100 ($14.00) to GBX 425 ($5.41) and set a buy rating on the stock in a report on Thursday, February 15th. Royal Bank of Canada reiterated a sector perform rating and set a GBX 375 ($4.77) price target on shares of Close Brothers Group in a research report on Wednesday. Finally, Canaccord Genuity Group reiterated a speculative buy rating and set a GBX 463 ($5.89) price target on shares of Close Brothers Group in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of GBX 577.80 ($7.36).

Check Out Our Latest Stock Analysis on Close Brothers Group

Close Brothers Group Stock Down 0.3 %

Close Brothers Group stock opened at GBX 396.80 ($5.05) on Wednesday. The firm has a market cap of £597.14 million, a price-to-earnings ratio of 417.68, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. Close Brothers Group has a 52 week low of GBX 278 ($3.54) and a 52 week high of GBX 998.50 ($12.71). The business’s 50-day moving average price is GBX 435.94 and its 200 day moving average price is GBX 674.28.

Insiders Place Their Bets

In other news, insider Mike Morgan sold 5,150 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of GBX 786 ($10.01), for a total value of £40,479 ($51,532.78). In other news, insider Sally Williams bought 1,062 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were acquired at an average price of GBX 412 ($5.25) per share, for a total transaction of £4,375.44 ($5,570.26). Also, insider Mike Morgan sold 5,150 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of GBX 786 ($10.01), for a total value of £40,479 ($51,532.78). Over the last 90 days, insiders have acquired 1,150 shares of company stock worth $482,495. 2.23% of the stock is owned by corporate insiders.

Close Brothers Group Company Profile

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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.

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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