Close Brothers Group (LON:CBG) Stock Rating Upgraded by Shore Capital Group

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

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

Close Brothers Group Stock Performance

LON CBG opened at GBX 349 on Friday. The firm has a 50-day moving average of GBX 476.37 and a 200-day moving average of GBX 469.77. The stock has a market cap of £525.40 million, a PE ratio of -5.22, a P/E/G ratio of 1.87 and a beta of 1.18. Close Brothers Group has a 52-week low of GBX 246.80 and a 52-week high of GBX 563.50.

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

Insiders Place Their Bets

In other Close Brothers Group news, insider Mike Morgan acquired 2,841 shares of the business’s stock in a transaction on Monday, January 12th. The stock was purchased at an average price of GBX 507 per share, with a total value of £14,403.87. In the last ninety days, insiders have bought 2,902 shares of company stock valued at $1,469,952. 2.19% of the stock is owned by 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.