Close Brothers Group (LON:CBG) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Close Brothers Group (LON:CBGGet Rating) in a research note released on Monday, Marketbeat Ratings reports.

A number of other brokerages have also commented on CBG. Royal Bank of Canada decreased their price objective on Close Brothers Group from GBX 1,250 ($15.48) to GBX 1,100 ($13.62) and set an outperform rating for the company in a research report on Tuesday, October 18th. Berenberg Bank upgraded Close Brothers Group to a buy rating and raised their price objective for the stock from GBX 1,100 ($13.62) to GBX 1,250 ($15.48) in a research report on Monday, September 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of GBX 1,300 ($16.10).

Close Brothers Group Stock Up 0.2 %

LON:CBG opened at GBX 963.50 ($11.93) on Monday. Close Brothers Group has a 1-year low of GBX 872 ($10.80) and a 1-year high of GBX 1,339 ($16.58). The firm has a market capitalization of £1.45 billion and a price-to-earnings ratio of 874.55. The stock has a fifty day simple moving average of GBX 1,063.69 and a 200 day simple moving average of GBX 1,040.11.

Insider Activity

In other news, insider Mike Morgan purchased 2,075 shares of Close Brothers Group stock in a transaction dated Friday, December 2nd. The stock was acquired at an average cost of GBX 1,095 ($13.56) per share, for a total transaction of £22,721.25 ($28,130.80). Insiders bought a total of 2,116 shares of company stock worth $2,316,626 in the last three months.

Close Brothers Group Company Profile

(Get Rating)

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 various savings products, including personal and business savings, and pension deposits.

See Also

Analyst Recommendations for Close Brothers Group (LON:CBG)

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