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Close Brothers Group's (CBG) "Buy" Rating Reiterated at Deutsche Bank Aktiengesellschaft

Close Brothers Group logo with Financial Services background
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Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Close Brothers Group (LON:CBG - Free Report) in a research report report published on Friday, Marketbeat Ratings reports. They currently have a GBX 610 ($7.65) target price on the stock.

CBG has been the subject of several other research reports. Shore Capital reiterated a "buy" rating on shares of Close Brothers Group in a research note on Thursday. Royal Bank of Canada raised shares of Close Brothers Group to an "outperform" rating and increased their price target for the stock from GBX 375 ($4.70) to GBX 620 ($7.77) in a research report on Thursday, August 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Close Brothers Group has an average rating of "Buy" and a consensus price target of GBX 556.60 ($6.98).

Get Our Latest Stock Analysis on CBG

Close Brothers Group Stock Performance

CBG traded down GBX 14 ($0.18) during trading on Friday, reaching GBX 200.40 ($2.51). The company had a trading volume of 1,441,314 shares, compared to its average volume of 1,010,244. The company has a market cap of £301.58 million, a price-to-earnings ratio of 334.00, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12-month low of GBX 179.83 ($2.25) and a 12-month high of GBX 828 ($10.38). The firm's 50-day simple moving average is GBX 334.73 and its 200 day simple moving average is GBX 432.67.

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Insider Buying and Selling at Close Brothers Group

In related news, insider Michael N. Biggs acquired 3,500 shares of the stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of GBX 416 ($5.21) per share, for a total transaction of £14,560 ($18,252.48). Insiders bought a total of 3,567 shares of company stock worth $1,485,824 over the last three months. Corporate insiders own 2.91% of the company's stock.

Close Brothers Group Company Profile

(Get Free Report)

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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Analyst Recommendations for Close Brothers Group (LON:CBG)

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