Close Brothers Group plc (LON:CBG) Receives GBX 502.50 Consensus Target Price from Analysts

Shares of Close Brothers Group plc (LON:CBG) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five 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 502.50.

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 400 price target on shares of Close Brothers Group in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a report on Friday, January 23rd. Royal Bank Of Canada raised Close Brothers Group to an “outperform” rating and upped their price target for the company from GBX 475 to GBX 625 in a research note on Friday, January 16th. Shore Capital reiterated a “hold” rating and issued a GBX 510 price target on shares of Close Brothers Group in a research report on Thursday, November 20th. Finally, Panmure Gordon restated a “hold” rating and set a GBX 500 price objective on shares of Close Brothers Group in a report on Thursday, October 9th.

Close Brothers Group Stock Performance

LON CBG opened at GBX 505 on Monday. The stock has a market capitalization of £760.17 million, a P/E ratio of -7.55, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 1 year low of GBX 246.80 and a 1 year high of GBX 563.50. The business’s fifty day moving average is GBX 491.51 and its two-hundred day moving average is GBX 471.36.

Close Brothers Group (LON:CBG) last posted its quarterly earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, research analysts forecast that Close Brothers Group will post 66.0070671 earnings per share for the current year.

Insider Activity

In other news, insider Mike Morgan acquired 2,841 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was acquired 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 company insiders.

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.