Close Brothers Group (LON:CBG) Raised to Buy at UBS Group

Close Brothers Group (LON:CBG) was upgraded by equities research analysts at UBS Group to a “buy” rating in a research note issued on Friday, Marketbeat reports. The brokerage currently has a GBX 555 price objective on the stock. UBS Group’s price objective points to a potential upside of 48.16% from the stock’s current price.

Several other equities analysts have also commented on CBG. Shore Capital Group upgraded shares of Close Brothers Group to a “buy” rating in a report on Friday, March 20th. Royal Bank Of Canada upgraded 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, Deutsche Bank Aktiengesellschaft raised their price target on Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 505.

Close Brothers Group Stock Down 5.1%

CBG stock opened at GBX 374.60 on Friday. The company has a market cap of £563.94 million, a price-to-earnings ratio of -5.60, a PEG ratio of 1.87 and a beta of 1.18. Close Brothers Group has a 12-month low of GBX 246.80 and a 12-month high of GBX 563.50. The company has a 50 day moving average of GBX 462.85 and a two-hundred day moving average of GBX 466.29.

Close Brothers Group (LON:CBG) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. On average, research analysts anticipate that Close Brothers Group will post 66.0070671 EPS for the current year.

Insider Buying and Selling

In other Close Brothers Group news, insider Mike Morgan purchased 2,841 shares of the company’s stock in a transaction on Monday, January 12th. The stock was acquired at an average price of GBX 507 per share, for a total transaction of £14,403.87. Over the last three months, insiders have purchased 2,902 shares of company stock valued at $1,469,952. Company insiders own 2.19% of the company’s stock.

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.