Close Brothers Group plc (LON:CBG) Receives GBX 490.63 Average Target Price from Analysts

Shares of Close Brothers Group plc (LON:CBG) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 490.63.

Several research analysts have weighed in on the stock. Shore Capital restated a “hold” rating and set a GBX 510 price objective on shares of Close Brothers Group in a report on Thursday, November 20th. UBS Group reissued a “neutral” rating and set a GBX 535 target price on shares of Close Brothers Group in a research report on Monday, September 15th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 400 target price on shares of Close Brothers Group in a report on Thursday, October 16th. Panmure Gordon reiterated a “hold” rating and set a GBX 500 price target on shares of Close Brothers Group in a research note on Thursday, October 9th. Finally, Peel Hunt reissued an “add” rating and set a GBX 300 price objective on shares of Close Brothers Group in a report on Tuesday, November 25th.

Close Brothers Group Stock Performance

Shares of Close Brothers Group stock opened at GBX 472.40 on Friday. The stock has a market capitalization of £711.08 million, a PE ratio of -7.06, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 52 week low of GBX 206.57 and a 52 week high of GBX 563.50. The stock has a 50 day moving average price of GBX 442.11 and a two-hundred day moving average price of GBX 434.43.

Close Brothers Group (LON:CBG) last issued its earnings results on Thursday, November 27th. The company reported GBX 30.90 earnings per share 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 EPS for the current year.

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.