Shore Capital restated their buy rating on shares of Close Brothers Group (LON:CBG – Free Report) in a research note published on Wednesday morning, Marketbeat Ratings reports.
CBG has been the topic of several other research reports. Berenberg Bank cut their price target on Close Brothers Group from GBX 1,100 ($13.98) to GBX 425 ($5.40) and set a buy rating on the stock in a research report on Thursday, February 15th. Canaccord Genuity Group reissued a speculative buy rating and set a GBX 463 ($5.88) price objective on shares of Close Brothers Group in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 375 ($4.77) target price on shares of Close Brothers Group in a report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of GBX 577.80 ($7.34).
Read Our Latest Research Report on CBG
Close Brothers Group Trading Up 1.4 %
Insider Buying and Selling
In other Close Brothers Group news, insider Patricia Halliday acquired 500 shares of the stock in a transaction on Tuesday, April 23rd. The shares were bought at an average price of GBX 453 ($5.76) per share, with a total value of £2,265 ($2,878.75). In related news, insider Sally Williams bought 1,062 shares of the stock in a transaction on Friday, March 22nd. The shares were bought at an average cost of GBX 412 ($5.24) per share, for a total transaction of £4,375.44 ($5,561.06). Also, insider Patricia Halliday purchased 500 shares of Close Brothers Group stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average price of GBX 453 ($5.76) per share, with a total value of £2,265 ($2,878.75). Insiders bought 8,668 shares of company stock valued at $3,718,116 over the last ninety days. Corporate insiders own 2.11% 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.
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