Close Brothers Group plc (LON:CBG) Receives Average Recommendation of “Moderate Buy” from Analysts

Close Brothers Group plc (LON:CBG) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 502.50.

CBG has been the subject of a number of recent analyst reports. Shore Capital Group raised Close Brothers Group to a “buy” rating in a research report on Friday. Royal Bank Of Canada raised shares of Close Brothers Group to an “outperform” rating and upped their target price for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Peel Hunt reaffirmed an “add” rating and set a GBX 300 target price on shares of Close Brothers Group in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a research report on Friday, January 23rd.

Insiders Place Their Bets

In related news, insider Mike Morgan bought 2,841 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average price of GBX 507 per share, for a total transaction of £14,403.87. In the last three months, insiders have purchased 2,902 shares of company stock valued at $1,469,952. 2.19% of the stock is currently owned by company insiders.

Close Brothers Group Stock Performance

Shares of Close Brothers Group stock opened at GBX 349 on Tuesday. The stock has a 50 day moving average of GBX 476.37 and a 200 day moving average of GBX 469.77. The firm has a market capitalization of £525.40 million, a price-to-earnings ratio of -5.22, a PEG ratio of 1.87 and a beta of 1.18. Close Brothers Group has a fifty-two week low of GBX 246.80 and a fifty-two week high of GBX 563.50.

Close Brothers Group (LON:CBG) last posted its earnings results on Tuesday, March 17th. The company reported GBX 27.10 EPS for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. Analysts forecast that Close Brothers Group will post 66.0070671 EPS for the current year.

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.