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

Close Brothers Group plc (LON:CBG) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 481.25.

Several brokerages recently issued reports on CBG. UBS Group reaffirmed a “buy” rating and set a GBX 555 price objective on shares of Close Brothers Group in a research note on Monday, May 18th. Royal Bank Of Canada lowered Close Brothers Group to a “sector perform” rating and dropped their price target for the company from GBX 625 to GBX 470 in a research report on Monday, July 6th.

Insider Transactions at Close Brothers Group

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

Close Brothers Group Stock Down 0.8%

Shares of CBG opened at GBX 394.60 on Tuesday. Close Brothers Group has a 52-week low of GBX 318.40 and a 52-week high of GBX 556.15. The stock has a market cap of £594.74 million, a PE ratio of -11.18, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The firm’s fifty day moving average is GBX 418.95 and its two-hundred day moving average is GBX 429.93.

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.