Close Brothers Group (LON:CBG) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Close Brothers Group (LON:CBG) to an outperform rating in a research note released on Friday morning, Marketbeat Ratings reports. They currently have GBX 625 target price on the stock, up from their prior target price of GBX 475.

Several other analysts also recently commented on the company. Shore Capital reaffirmed a “hold” rating and set a GBX 510 price objective on shares of Close Brothers Group in a research note on Thursday, November 20th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 400 target price on shares of Close Brothers Group in a report on Thursday, October 16th. Peel Hunt restated an “add” rating and set a GBX 300 price target on shares of Close Brothers Group in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods decreased their price target on Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a report on Friday, October 10th. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 500 price objective on shares of Close Brothers Group in a research note on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 506.25.

Close Brothers Group Trading Up 5.0%

Shares of CBG stock opened at GBX 535.09 on Friday. The stock has a 50 day moving average of GBX 472.44 and a two-hundred day moving average of GBX 463.77. Close Brothers Group has a 12 month low of GBX 224.20 and a 12 month high of GBX 563.50. The company has a market capitalization of £805.47 million, a P/E ratio of -8.00, a P/E/G ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last issued its quarterly earnings data on Thursday, December 11th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. Sell-side analysts predict that Close Brothers Group will post 66.0070671 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mike Morgan bought 2,841 shares of the stock in a transaction on Monday, January 12th. The shares were bought at an average cost of GBX 507 per share, for a total transaction of £14,403.87. Corporate insiders own 2.19% 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.