Close Brothers Group (LON:CBG) Upgraded at Shore Capital Group

Shore Capital Group upgraded shares of Close Brothers Group (LON:CBG) to a buy rating in a report published on Friday morning, Marketbeat.com reports.

A number of other equities research analysts also recently commented on CBG. Royal Bank Of Canada upgraded shares of Close Brothers Group to an “outperform” rating and raised their price objective for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Peel Hunt reiterated an “add” rating and set a GBX 300 target price on shares of Close Brothers Group in a research report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 502.50.

Close Brothers Group Stock Performance

Shares of CBG opened at GBX 349 on Friday. The stock has a market capitalization of £525.40 million, a P/E ratio of -5.22, a P/E/G ratio of 1.87 and a beta of 1.18. Close Brothers Group has a 1 year low of GBX 246.80 and a 1 year high of GBX 563.50. The company’s fifty day moving average is GBX 476.37 and its two-hundred day moving average is GBX 469.77.

Close Brothers Group (LON:CBG) last released its earnings results on Tuesday, March 17th. The company reported GBX 27.10 EPS for the quarter. Close Brothers Group had a negative net margin of 4.66% and a negative return on equity of 2.03%. Sell-side analysts predict that Close Brothers Group will post 66.0070671 EPS for the current year.

Insider Activity at Close Brothers Group

In related news, insider Mike Morgan acquired 2,841 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average price of GBX 507 per share, with a total value of £14,403.87. Insiders have bought a total of 2,902 shares of company stock valued at $1,469,952 in the last ninety days. 2.19% of the stock is 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.