Close Brothers Group (LON:CBG) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Close Brothers Group (LON:CBG) had its price target increased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 550 to GBX 570 in a research report issued on Friday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 10.04% from the stock’s current price.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Close Brothers Group in a report on Thursday, October 16th. Peel Hunt restated an “add” rating and set a GBX 300 price objective on shares of Close Brothers Group in a research report on Tuesday, November 25th. Shore Capital reaffirmed a “hold” rating and issued a GBX 510 target price on shares of Close Brothers Group in a report on Thursday, November 20th. Panmure Gordon reissued a “hold” rating and set a GBX 500 price target on shares of Close Brothers Group in a research note on Thursday, October 9th. Finally, Keefe, Bruyette & Woods cut their price target on Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 502.50.

Close Brothers Group Price Performance

CBG stock opened at GBX 518 on Friday. Close Brothers Group has a 1-year low of GBX 246.80 and a 1-year high of GBX 563.50. The company has a market capitalization of £779.74 million, a price-to-earnings ratio of -7.74, a PEG ratio of 1.87 and a beta of 0.82. The business has a 50 day simple moving average of GBX 480.94 and a two-hundred day simple moving average of GBX 467.69.

Close Brothers Group (LON:CBG) last released its quarterly earnings data on Thursday, December 11th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. Sell-side analysts anticipate that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insider Transactions at Close Brothers Group

In related news, insider Mike Morgan acquired 2,841 shares of the stock in a transaction dated Monday, January 12th. The stock was acquired at an average cost of GBX 507 per share, with a total value of £14,403.87. 2.19% of the stock is currently owned by company insiders.

About Close Brothers Group

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.