Close Brothers Group’s (CBG) Outperform Rating Reaffirmed at Royal Bank Of Canada

Close Brothers Group (LON:CBG)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank Of Canada in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 625 target price on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 39.57% from the company’s current price.

Several other brokerages have also recently commented on CBG. Shore Capital Group cut Close Brothers Group to a “hold” rating and set a GBX 475 target price on the stock. in a report on Wednesday, April 8th. UBS Group reissued a “buy” rating and set a GBX 555 target price on shares of Close Brothers Group in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a report on Friday, January 23rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 500.63.

Close Brothers Group Trading Down 0.1%

CBG opened at GBX 447.80 on Friday. The business’s 50 day moving average is GBX 424.41 and its 200-day moving average is GBX 459.36. The stock has a market cap of £674.15 million, a PE ratio of -12.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. Close Brothers Group has a twelve month low of GBX 314.38 and a twelve month high of GBX 563.50.

Close Brothers Group (LON:CBG) last released 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%. As a group, analysts forecast that Close Brothers Group will post 66.0070671 EPS for the current year.

Insiders Place Their Bets

In other news, insider Mark Pain acquired 8,898 shares of the stock in a transaction on Wednesday, April 8th. The shares were purchased at an average cost of GBX 449 per share, for a total transaction of £39,952.02. Also, insider Sally Williams acquired 6,914 shares of the stock in a transaction on Wednesday, April 8th. The shares were purchased at an average price of GBX 456 per share, for a total transaction of £31,527.84. In the last three months, insiders have bought 25,601 shares of company stock worth $11,205,114. Corporate insiders own 2.19% of the company’s stock.

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.