Close Brothers Group (LON:CBG) Upgraded by Shore Capital Group to “Buy” Rating

Close Brothers Group (LON:CBG) was upgraded by research analysts at Shore Capital Group to a “buy” rating in a note issued to investors on Friday, MarketBeat reports.

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

Close Brothers Group Price Performance

Shares of Close Brothers Group stock traded up GBX 3 during trading hours on Friday, hitting GBX 349. The company had a trading volume of 4,217,406 shares, compared to its average volume of 1,074,237. Close Brothers Group has a twelve month low of GBX 246.80 and a twelve month high of GBX 563.50. The company has a market cap of £525.40 million, a P/E ratio of -5.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The company’s 50-day moving average is GBX 479.75 and its two-hundred day moving average is GBX 470.48.

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

Insider Transactions at Close Brothers Group

In other news, insider Mike Morgan acquired 2,841 shares of Close Brothers Group stock in a transaction dated Monday, January 12th. The shares were acquired at an average cost of GBX 507 per share, with a total value of £14,403.87. Insiders bought a total of 2,902 shares of company stock worth $1,469,952 over 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.