Close Brothers Group plc (LON:CBG) Receives GBX 494 Consensus Target Price from Brokerages

Shares of Close Brothers Group plc (LON:CBG) have received an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 494.

A number of equities analysts have recently commented on CBG shares. Peel Hunt reissued a “hold” rating and set a GBX 327 price target on shares of Close Brothers Group in a report on Friday, July 25th. Shore Capital reissued a “hold” rating and set a GBX 510 price target on shares of Close Brothers Group in a report on Friday, October 10th. Panmure Gordon reissued a “hold” rating and set a GBX 500 price target on shares of Close Brothers Group in a report on Thursday, October 9th. UBS Group reissued a “neutral” rating and set a GBX 535 price target on shares of Close Brothers Group in a report on Monday, September 15th. Finally, Royal Bank Of Canada lowered their target price on Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating for the company in a report on Friday, October 3rd.

Close Brothers Group Stock Performance

Close Brothers Group stock opened at GBX 428.60 on Friday. Close Brothers Group has a 52 week low of GBX 179.83 and a 52 week high of GBX 563.50. The stock has a market capitalization of £645.15 million, a P/E ratio of -6.41, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock has a fifty day moving average of GBX 475.70 and a 200-day moving average of GBX 407.11.

Close Brothers Group (LON:CBG) last posted 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%. On average, research analysts forecast that Close Brothers Group will post 66.0070671 earnings per share 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.