Close Brothers Group plc (LON:CBG) Stock Has Average Target Price of GBX 481.25 According to Analysts

Close Brothers Group plc (LON:CBG) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 481.25.

Separately, Royal Bank Of Canada downgraded shares of Close Brothers Group to a “sector perform” rating and dropped their price objective for the company from GBX 625 to GBX 470 in a research note on Monday, July 6th.

Close Brothers Group Price Performance

LON:CBG opened at GBX 395 on Friday. Close Brothers Group has a 1-year low of GBX 318.40 and a 1-year high of GBX 556.15. The company has a 50-day moving average of GBX 414.57 and a 200 day moving average of GBX 425.73. The firm has a market cap of £595.34 million, a PE ratio of -11.19, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG) last issued its earnings results on Tuesday, September 29th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Close Brothers Group had a negative net margin of 7.56% and a negative return on equity of 4.07%. Sell-side analysts anticipate that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insiders Place Their Bets

In other Close Brothers Group news, insider Fiona McCarthy sold 1,626 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 426, for a total transaction of £6,926.76. 2.21% of the stock is currently owned by corporate insiders.

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.