Deutsche Bank Aktiengesellschaft Lowers Close Brothers Group (LON:CBG) Price Target to GBX 600

Close Brothers Group (LON:CBG) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 610 ($7.67) to GBX 600 ($7.54) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 554.60 ($6.97).

Close Brothers Group Trading Up 2.8 %

CBG opened at GBX 347.68 ($4.37) on Thursday. The company’s 50 day moving average is GBX 260.92 and its 200-day moving average is GBX 342.81. The company has a market cap of £523.83 million, a P/E ratio of 5.24, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 1-year low of GBX 179.83 ($2.26) and a 1-year high of GBX 564 ($7.09).

Insider Activity

In other news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.03), for a total transaction of £26,232.85 ($32,968.27). 2.91% of the stock is currently owned by insiders.

Close Brothers Group Company Profile

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.