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

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Shore Capital in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 370 ($5.03) price target on the stock. Shore Capital's price objective would indicate a potential downside of 8.73% from the stock's current price.

Separately, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a GBX 430 ($5.84) price objective on shares of Close Brothers Group in a research note on Thursday, March 27th.

Close Brothers Group Price Performance

Shares of Close Brothers Group stock traded up GBX 11.60 ($0.16) on Wednesday, hitting GBX 405.40 ($5.51). The company had a trading volume of 586,636 shares, compared to its average volume of 1,679,165. The business has a 50-day simple moving average of GBX 354.12 and a 200-day simple moving average of GBX 313.21. The company has a market cap of £610.78 million, a PE ratio of 6.11, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 52 week low of GBX 179.83 ($2.44) and a 52 week high of GBX 564 ($7.67).

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.