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 report released on Thursday, Marketbeat reports. Keefe, Bruyette & Woods currently has a GBX 430 ($5.57) price objective on the stock.

Several other equities analysts 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 cut their price objective on Close Brothers Group from GBX 610 ($7.90) to GBX 600 ($7.77) and set a “hold” rating for the company in a report on Thursday, February 13th.

Close Brothers Group Price Performance

LON:CBG opened at GBX 302.10 ($3.91) on Thursday. Close Brothers Group has a one year low of GBX 179.83 ($2.33) and a one year high of GBX 564 ($7.30). The stock has a market cap of £455.15 million, a P/E ratio of 4.55, a PEG ratio of 1.87 and a beta of 0.82. The company has a fifty day moving average price of GBX 318.19 and a 200 day moving average price of GBX 302.78.

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

Insider Transactions at Close Brothers Group

In related news, insider Michael N. Biggs bought 5,000 shares of Close Brothers Group stock in a transaction dated Wednesday, March 19th. The shares were bought 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 owned by company 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.