Brokerages Set Close Brothers Group plc (LON:CBG) Target Price at GBX 494

Close Brothers Group plc (LON:CBG) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two 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 494.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and set a GBX 400 target price on shares of Close Brothers Group in a research note on Thursday, October 16th. Shore Capital reissued a “hold” rating and set a GBX 510 price target on shares of Close Brothers Group in a research report on Friday, October 10th. Keefe, Bruyette & Woods lowered their price objective on shares of Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a research note on Friday, October 10th. UBS Group restated a “neutral” rating and issued a GBX 535 price objective on shares of Close Brothers Group in a report on Monday, September 15th. Finally, Royal Bank Of Canada reduced their target price on shares of Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating on the stock in a report on Friday, October 3rd.

Close Brothers Group Stock Performance

LON:CBG opened at GBX 411.40 on Wednesday. Close Brothers Group has a fifty-two week low of GBX 195.40 and a fifty-two week high of GBX 563.50. The company has a 50 day moving average price of GBX 458.94 and a 200 day moving average price of GBX 424.81. The stock has a market capitalization of £619.26 million, a P/E ratio of -6.15, a PEG ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX 59.30 EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Research analysts forecast that Close Brothers Group will post 66.0070671 earnings per share for the current fiscal 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.