Shore Capital Reiterates Buy Rating for Close Brothers Group (LON:CBG)

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a research note issued on Wednesday, MarketBeat reports.

CBG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Close Brothers Group from GBX 610 ($8.19) to GBX 600 ($8.05) and set a “hold” rating on the stock in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a GBX 430 ($5.77) target price on shares of Close Brothers Group in a research note on Thursday, March 27th.

Close Brothers Group Trading Down 4.4%

LON:CBG opened at GBX 341.60 ($4.59) on Wednesday. The firm has a market cap of £514.66 million, a PE ratio of 5.15, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock has a fifty day moving average price of GBX 307.63 and a 200 day moving average price of GBX 280.43. Close Brothers Group has a 12-month low of GBX 179.83 ($2.41) and a 12-month high of GBX 564 ($7.57).

Close Brothers Group (LON:CBG) last released its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.41) earnings per share (EPS) for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Equities analysts forecast that Close Brothers Group will post 66.0070671 EPS for the current year.

Insider Buying and Selling at Close Brothers Group

In other Close Brothers Group news, insider Michael N. Biggs bought 5,000 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of GBX 288 ($3.87) per share, for a total transaction of £14,400 ($19,328.86). 2.91% of the stock is currently owned by corporate 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.