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

Shares of Close Brothers Group plc (LON:CBG) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 502.50.

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Close Brothers Group to an “outperform” rating and lifted their price objective for the company from GBX 475 to GBX 625 in a report on Friday, January 16th. Peel Hunt reiterated an “add” rating and set a GBX 300 price target on shares of Close Brothers Group in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Shore Capital Group restated a “hold” rating and issued a GBX 510 target price on shares of Close Brothers Group in a report on Thursday, November 20th.

Insider Transactions at Close Brothers Group

In other news, insider Mike Morgan bought 2,841 shares of Close Brothers Group stock in a transaction dated Monday, January 12th. The stock was purchased at an average price of GBX 507 per share, for a total transaction of £14,403.87. 2.19% of the stock is owned by corporate insiders.

Close Brothers Group Stock Up 0.1%

Shares of LON:CBG opened at GBX 489.60 on Friday. Close Brothers Group has a twelve month low of GBX 246.80 and a twelve month high of GBX 563.50. The stock’s 50 day moving average is GBX 506.83 and its 200-day moving average is GBX 480.24. The firm has a market capitalization of £737.03 million, a price-to-earnings ratio of -7.32, a PEG ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last posted its quarterly earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. 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.