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

Close Brothers Group plc (LON:CBG) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 500.63.

A number of research analysts recently weighed in on CBG shares. UBS Group reaffirmed a “buy” rating and issued a GBX 555 price target on shares of Close Brothers Group in a research note on Monday, May 18th. Shore Capital Group downgraded shares of Close Brothers Group to a “hold” rating and set a GBX 475 target price for the company. in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 625 price target on shares of Close Brothers Group in a research note on Friday, May 22nd.

Close Brothers Group Stock Down 1.2%

CBG stock opened at GBX 443.20 on Thursday. The company’s 50-day simple moving average is GBX 454.52 and its 200-day simple moving average is GBX 463.67. Close Brothers Group has a 52-week low of GBX 318.40 and a 52-week high of GBX 563.50. The firm has a market cap of £667.92 million, a P/E ratio of -12.56, a PEG ratio of 1.87 and a beta of 1.24.

Insider Activity at Close Brothers Group

In other Close Brothers Group news, insider Kari Hale bought 5,017 shares of Close Brothers Group stock in a transaction dated Monday, April 13th. The stock was acquired at an average cost of GBX 406 per share, with a total value of £20,369.02. Also, insider Sally Williams purchased 4,705 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were purchased at an average price of GBX 423 per share, for a total transaction of £19,902.15. Insiders purchased a total of 25,601 shares of company stock valued at $11,205,312 over the last ninety days. Insiders own 2.19% of the company’s stock.

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.