Close Brothers Group (LON:CBG) Earns Buy Rating from Shore Capital

Posted by Logan Wallace on Nov 25th, 2024

Shore Capital reaffirmed their buy rating on shares of Close Brothers Group (LON:CBG – Free Report) in a research report released on Thursday, Marketbeat Ratings reports.

Separately, Royal Bank of Canada upgraded shares of Close Brothers Group to an “outperform” rating and upped their price target for the company from GBX 375 ($4.72) to GBX 620 ($7.81) in a report on Thursday, August 29th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 556.60 ($7.01).

Check Out Our Latest Analysis on Close Brothers Group

Close Brothers Group Stock Performance

CBG opened at GBX 206.20 ($2.60) on Thursday. The stock has a 50-day moving average of GBX 334.73 and a 200-day moving average of GBX 432.37. Close Brothers Group has a 52-week low of GBX 179.83 ($2.26) and a 52-week high of GBX 828 ($10.43). The company has a market cap of £310.31 million, a PE ratio of 334.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

Insider Buying and Selling at Close Brothers Group

In other news, insider Michael N. Biggs acquired 3,500 shares of Close Brothers Group stock in a transaction on Tuesday, September 24th. The stock was bought at an average price of GBX 416 ($5.24) per share, for a total transaction of £14,560 ($18,335.22). Insiders purchased a total of 3,567 shares of company stock valued at $1,485,824 in the last ninety days. Company insiders own 2.91% of the company’s stock.

About Close Brothers Group

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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.