Close Brothers Group (LON:CBG) Price Target Cut to GBX 600 by Analysts at Deutsche Bank Aktiengesellschaft

Close Brothers Group (LON:CBG) had its price objective decreased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 610 ($7.59) to GBX 600 ($7.47) in a research note issued on Thursday,Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 77.82% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 554.60 ($6.90).

Close Brothers Group Price Performance

LON CBG traded down GBX 4.38 ($0.05) on Thursday, hitting GBX 337.42 ($4.20). The company had a trading volume of 1,652,719 shares, compared to its average volume of 2,376,189. Close Brothers Group has a 12-month low of GBX 179.83 ($2.24) and a 12-month high of GBX 564 ($7.02). The company’s fifty day moving average price is GBX 258.19 and its 200-day moving average price is GBX 344.14. The company has a market capitalization of £507.78 million, a PE ratio of 562.37, a PEG ratio of 1.87 and a beta of 0.82.

Insider Activity

In other news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.00), for a total value of £26,232.85 ($32,652.29). Company insiders own 2.91% of the company’s stock.

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.