Close Brothers Group plc (LON:CBG) Receives GBX 500.63 Consensus PT from Brokerages

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

Several equities analysts recently weighed in on the stock. Shore Capital Group lowered shares of Close Brothers Group to a “hold” rating and set a GBX 475 price objective on the stock. in a research report on Wednesday, April 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 625 price objective on shares of Close Brothers Group in a research report on Friday, May 22nd. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 555 price objective on shares of Close Brothers Group in a research report on Monday, May 18th.

Insider Activity

In other news, insider Mark Pain acquired 8,898 shares of Close Brothers Group stock in a transaction dated Wednesday, April 8th. The stock was acquired at an average cost of GBX 449 per share, for a total transaction of £39,952.02. Also, insider Sally Williams acquired 6,914 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were purchased at an average cost of GBX 456 per share, with a total value of £31,527.84. Insiders have bought a total of 25,568 shares of company stock valued at $11,190,165 over the last 90 days. 2.19% of the stock is currently owned by company insiders.

Close Brothers Group Stock Performance

Shares of CBG opened at GBX 455.60 on Friday. The firm has a market cap of £685.89 million, a PE ratio of -12.91, a PEG ratio of 1.87 and a beta of 1.24. The firm’s 50 day moving average price is GBX 441.41 and its 200 day moving average price is GBX 461.26. Close Brothers Group has a twelve month low of GBX 317 and a twelve month high of GBX 563.50.

Close Brothers Group (LON:CBG) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 27.10 earnings per share for the quarter. Close Brothers Group had a negative net margin of 4.66% and a negative return on equity of 2.03%. On average, sell-side analysts anticipate that Close Brothers Group will post 66.0070671 earnings per share for the current fiscal year.

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.