Close Brothers Group’s (CBG) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Close Brothers Group (LON:CBG) in a report released on Friday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 610 ($7.66) price target on the stock.

Other equities research analysts have also recently issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research report on Thursday, November 21st. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and raised their target price for the stock from GBX 375 ($4.71) to GBX 620 ($7.79) in a research report on Thursday, August 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Close Brothers Group has a consensus rating of “Buy” and a consensus target price of GBX 556.60 ($6.99).

Close Brothers Group Price Performance

Close Brothers Group stock opened at GBX 215.80 ($2.71) on Friday. Close Brothers Group has a one year low of GBX 179.83 ($2.26) and a one year high of GBX 828 ($10.40). The stock has a market capitalization of £324.76 million, a PE ratio of 363.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The business’s fifty day moving average is GBX 334.73 and its 200 day moving average is GBX 432.09.

Insider Transactions at Close Brothers Group

In other Close Brothers Group news, insider Michael N. Biggs bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of GBX 416 ($5.22) per share, with a total value of £14,560 ($18,286.86). Insiders have purchased 3,567 shares of company stock valued at $1,485,824 over the last quarter. 2.91% 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.