UBS Group Reiterates Buy Rating for Close Brothers Group (LON:CBG)

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reiterated by analysts at UBS Group in a report issued on Monday,Digital Look reports. They currently have a GBX 555 price objective on the stock. UBS Group’s target price suggests a potential upside of 26.19% from the company’s previous close.

Several other research analysts also recently commented on CBG. Shore Capital Group downgraded shares of Close Brothers Group to a “hold” rating and set a GBX 475 price target for the company. in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a report on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 500.63.

Close Brothers Group Stock Down 0.5%

CBG stock opened at GBX 439.80 on Monday. The stock has a 50-day simple moving average of GBX 423.63 and a two-hundred day simple moving average of GBX 458.90. Close Brothers Group has a twelve month low of GBX 314.38 and a twelve month high of GBX 563.50. The firm has a market capitalization of £662.11 million, a PE ratio of -12.46, a PEG ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 27.10 earnings per share for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. On average, equities research analysts anticipate that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insider Activity at Close Brothers Group

In related news, insider Kari Hale purchased 5,017 shares of the business’s stock in a transaction on Monday, April 13th. The stock was acquired at an average price of GBX 406 per share, with a total value of £20,369.02. Also, insider Mark Pain purchased 8,898 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was bought at an average cost of GBX 449 per share, for a total transaction of £39,952.02. Insiders have purchased 25,601 shares of company stock valued at $11,205,114 over the last three months. 2.19% of the stock is owned by corporate 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.