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

Shares of Close Brothers Group plc (LON:CBG) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 500.63.

A number of research firms recently issued reports on CBG. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 625 price target on shares of Close Brothers Group in a research note on Friday, May 22nd. UBS Group restated a “buy” rating and set 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 on the stock. in a research report on Wednesday, April 8th.

Insider Buying and Selling at Close Brothers Group

In related news, insider Sally Williams acquired 4,705 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were acquired at an average cost of GBX 423 per share, for a total transaction of £19,902.15. Also, insider Kari Hale acquired 5,017 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were bought at an average price of GBX 406 per share, for a total transaction of £20,369.02. 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 Stock Up 1.6%

Close Brothers Group stock opened at GBX 460.80 on Friday. The company has a market cap of £693.72 million, a price-to-earnings ratio of -13.05, a PEG ratio of 1.87 and a beta of 1.24. The firm’s fifty day moving average is GBX 433.44 and its 200 day moving average is GBX 460.68. Close Brothers Group has a 52-week low of GBX 314.38 and a 52-week high of GBX 563.50.

Close Brothers Group (LON:CBG) last released its quarterly 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 net margin of 4.66% and a negative return on equity of 2.03%. On average, equities research analysts anticipate 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.