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

Close Brothers Group plc (LON:CBG) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 500.63.

A number of research firms have issued reports on CBG. Deutsche Bank Aktiengesellschaft boosted their target price on Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a research note on Friday, January 23rd. Shore Capital Group cut Close Brothers Group to a “hold” rating and set a GBX 475 target price for the company. in a research note on Wednesday, April 8th. Royal Bank Of Canada raised Close Brothers Group to an “outperform” rating and boosted their target price for the company from GBX 475 to GBX 625 in a research note on Friday, January 16th. Finally, UBS Group upgraded shares of Close Brothers Group to a “buy” rating and set a GBX 555 price objective on the stock in a report on Friday, March 27th.

Close Brothers Group Stock Performance

LON:CBG opened at GBX 468.20 on Wednesday. Close Brothers Group has a 1 year low of GBX 314.38 and a 1 year high of GBX 563.50. The stock has a market cap of £704.86 million, a price-to-earnings ratio of -13.26, a PEG ratio of 1.87 and a beta of 1.24. The stock has a 50-day moving average price of GBX 427.39 and a two-hundred day moving average price of GBX 458.24.

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

Insider Buying and Selling

In other news, insider Kari Hale purchased 5,017 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were bought at an average cost of GBX 406 per share, for a total transaction of £20,369.02. Also, insider Sally Williams purchased 4,705 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was purchased at an average price of GBX 423 per share, for a total transaction of £19,902.15. Insiders have purchased a total of 25,601 shares of company stock worth $11,205,114 over the last ninety days. Company insiders own 2.19% of the company’s stock.

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.