Brokerages Set Close Brothers Group plc (LON:CBG) Price Target at GBX 481.25

Shares of Close Brothers Group plc (LON:CBG) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 481.25.

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

Close Brothers Group Stock Up 0.1%

LON:CBG opened at GBX 398 on Tuesday. The company has a market cap of £599.87 million, a PE ratio of -11.27, a P/E/G ratio of 1.87 and a beta of 1.24. The business’s 50 day moving average is GBX 419 and its two-hundred day moving average is GBX 430.93. Close Brothers Group has a 52 week low of GBX 318.40 and a 52 week high of GBX 556.15.

Insider Buying and Selling at Close Brothers Group

In related news, insider Fiona McCarthy sold 1,626 shares of the stock in a transaction dated Friday, July 31st. The shares were 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.

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.