Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Close Brothers Group (LON:CBG) Stock Price

Close Brothers Group (LON:CBG) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 550 to GBX 570 in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on CBG. Panmure Gordon restated a “hold” rating and issued a GBX 500 price target on shares of Close Brothers Group in a research report on Thursday, October 9th. Shore Capital restated a “hold” rating and set a GBX 510 target price on shares of Close Brothers Group in a report on Thursday, November 20th. Keefe, Bruyette & Woods cut their target price on shares of Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a research report on Friday, October 10th. Royal Bank Of Canada upgraded shares of Close Brothers Group to an “outperform” rating and increased their price target for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 400 price objective on shares of Close Brothers Group in a research note on Thursday, October 16th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 502.50.

Close Brothers Group Trading Down 2.9%

CBG stock opened at GBX 518 on Friday. The firm has a 50 day moving average of GBX 480.94 and a 200-day moving average of GBX 467.30. The company has a market cap of £779.74 million, a price-to-earnings ratio of -7.74, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12-month low of GBX 246.80 and a 12-month high of GBX 563.50.

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

Insider Transactions at Close Brothers Group

In other news, insider Mike Morgan bought 2,841 shares of the stock in a transaction on Monday, January 12th. The stock was purchased at an average cost of GBX 507 per share, with a total value of £14,403.87. Company 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.