Close Brothers Group’s (CBG) Buy Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Close Brothers Group (LON:CBG) in a research report report published on Monday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Close Brothers Group from GBX 610 ($7.86) to GBX 600 ($7.73) and set a “hold” rating on the stock in a report on Thursday, February 13th.

Close Brothers Group Price Performance

CBG stock opened at GBX 343 ($4.42) on Monday. Close Brothers Group has a one year low of GBX 179.83 ($2.32) and a one year high of GBX 564 ($7.27). The stock has a market cap of £516.77 million, a PE ratio of 5.17, a P/E/G ratio of 1.87 and a beta of 0.82. The firm has a 50 day simple moving average of GBX 288.99 and a two-hundred day simple moving average of GBX 325.91.

Insiders Place Their Bets

In other news, insider Mike Morgan sold 10,885 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.11), for a total value of £26,232.85 ($33,813.93). 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.