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

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

Separately, Deutsche Bank Aktiengesellschaft cut their price target 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 Stock Performance

Close Brothers Group stock opened at GBX 343 ($4.42) on Monday. Close Brothers Group has a fifty-two week low of GBX 179.83 ($2.32) and a fifty-two week high of GBX 564 ($7.27). The stock has a market cap of £516.77 million, a PE ratio of 5.17, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The firm’s 50-day simple moving average is GBX 288.99 and its 200 day simple moving average is GBX 325.91.

Insiders Place Their Bets

In other news, insider Mike Morgan sold 10,885 shares of the business’s stock in a transaction that occurred on 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.

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.