Close Brothers Group (LON:CBG) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Close Brothers Group (LON:CBG) in a report issued on Friday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 610 ($7.65) price target on the stock.

A number of other research firms also recently weighed in on CBG. Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and increased their target price for the company from GBX 375 ($4.70) to GBX 620 ($7.77) in a research report on Thursday, August 29th. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 556.60 ($6.98).

Close Brothers Group Price Performance

Shares of LON:CBG opened at GBX 200.40 ($2.51) on Friday. The company has a market capitalization of £301.58 million, a PE ratio of 336.24, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The business has a fifty day moving average price of GBX 341.36 and a two-hundred day moving average price of GBX 434.29. Close Brothers Group has a 1 year low of GBX 179.83 ($2.25) and a 1 year high of GBX 828 ($10.38).

Insider Activity at Close Brothers Group

In related news, insider Michael N. Biggs acquired 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average cost of GBX 416 ($5.21) per share, for a total transaction of £14,560 ($18,252.48). In the last ninety days, insiders have acquired 3,567 shares of company stock worth $1,485,824. 2.91% of the stock is owned by corporate insiders.

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.