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 cut by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 610 ($7.59) to GBX 600 ($7.47) in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 77.82% from the stock’s previous close.

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

Close Brothers Group Trading Down 1.3 %

Shares of LON:CBG traded down GBX 4.38 ($0.05) during trading on Thursday, reaching GBX 337.42 ($4.20). The stock had a trading volume of 1,652,719 shares, compared to its average volume of 2,376,189. The company has a market capitalization of £507.78 million, a P/E ratio of 562.37, a PEG ratio of 1.87 and a beta of 0.82. The firm’s 50-day simple moving average is GBX 258.19 and its 200 day simple moving average is GBX 344.14. Close Brothers Group has a one year low of GBX 179.83 ($2.24) and a one year high of GBX 564 ($7.02).

Insider Buying and Selling

In related news, insider Mike Morgan sold 10,885 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.00), for a total value of £26,232.85 ($32,652.29). 2.91% of the stock is owned by company 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.