Close Brothers Group’s (CBG) “Outperform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their outperform rating on shares of Close Brothers Group (LON:CBG) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 430 ($5.57) target price on the stock.

A number of other analysts have also recently commented on CBG. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft dropped their price target on Close Brothers Group from GBX 610 ($7.90) to GBX 600 ($7.77) and set a “hold” rating on the stock in a research report on Thursday, February 13th.

Close Brothers Group Trading Down 8.7 %

Close Brothers Group stock opened at GBX 302.10 ($3.91) on Thursday. The firm has a market capitalization of £455.15 million, a P/E ratio of 4.55, a PEG ratio of 1.87 and a beta of 0.82. The business has a 50-day moving average of GBX 318.19 and a 200-day moving average of GBX 302.78. Close Brothers Group has a 1 year low of GBX 179.83 ($2.33) and a 1 year high of GBX 564 ($7.30).

Close Brothers Group (LON:CBG) last issued its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. Research analysts anticipate that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insider Activity at Close Brothers Group

In other news, insider Michael N. Biggs acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of GBX 288 ($3.73) per share, for a total transaction of £14,400 ($18,638.36). 2.91% of the stock is currently owned by insiders.

About Close Brothers Group

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.