Close Brothers Group (LON:CBG) Upgraded at UBS Group

UBS Group upgraded shares of Close Brothers Group (LON:CBG) to a buy rating in a report released on Friday morning, MarketBeat reports. They currently have GBX 555 price objective on the stock.

A number of other research firms have also weighed in on CBG. Shore Capital Group raised shares of Close Brothers Group to a “buy” rating in a research report on Friday, March 20th. Royal Bank Of Canada upgraded shares of Close Brothers Group to an “outperform” rating and raised their target price for the stock from GBX 475 to GBX 625 in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 505.

Close Brothers Group Trading Down 5.1%

Shares of Close Brothers Group stock opened at GBX 374.60 on Friday. The stock has a market cap of £563.94 million, a price-to-earnings ratio of -5.60, a PEG ratio of 1.87 and a beta of 1.18. The company has a fifty day simple moving average of GBX 462.85 and a 200-day simple moving average of GBX 466.20. Close Brothers Group has a 12-month low of GBX 246.80 and a 12-month high of GBX 563.50.

Close Brothers Group (LON:CBG) last announced its earnings results on Tuesday, March 17th. The company reported GBX 27.10 earnings per share for the quarter. Close Brothers Group had a negative net margin of 4.66% and a negative return on equity of 2.03%. On average, analysts forecast that Close Brothers Group will post 66.0070671 earnings per share for the current fiscal year.

Insider Transactions at Close Brothers Group

In related news, insider Mike Morgan bought 2,841 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average cost of GBX 507 per share, for a total transaction of £14,403.87. Insiders have purchased 2,902 shares of company stock valued at $1,469,952 in the last ninety days. 2.19% of the stock is currently owned by insiders.

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.