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

Shares of Close Brothers Group plc (LON:CBG) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 481.25.

A number of brokerages recently commented on CBG. Royal Bank Of Canada downgraded Close Brothers Group to a “sector perform” rating and decreased their price target for the company from GBX 625 to GBX 470 in a research report on Monday, July 6th. UBS Group reissued a “buy” rating and issued a GBX 555 price objective on shares of Close Brothers Group in a research report on Monday, May 18th. Finally, Shore Capital Group downgraded Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a research note on Wednesday, April 8th.

Close Brothers Group Stock Performance

LON:CBG opened at GBX 413.40 on Monday. Close Brothers Group has a 52 week low of GBX 318.40 and a 52 week high of GBX 563.50. The firm has a 50-day moving average price of GBX 438.73 and a two-hundred day moving average price of GBX 455.41. The firm has a market cap of £623.05 million, a price-to-earnings ratio of -11.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

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.