Close Brothers Group plc (LON:CBG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Close Brothers Group plc (LON:CBG) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 502.50.

A number of research analysts have issued reports on CBG shares. 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 research note on Friday, January 23rd. Royal Bank Of Canada upgraded shares of Close Brothers Group to an “outperform” rating and increased their price target for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Peel Hunt restated an “add” rating and set a GBX 300 price target on shares of Close Brothers Group in a research report on Tuesday, November 25th. Finally, Shore Capital Group reaffirmed a “hold” rating and issued a GBX 510 price objective on shares of Close Brothers Group in a research report on Thursday, November 20th.

Insider Activity at Close Brothers Group

In related news, insider Mike Morgan purchased 2,841 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were bought at an average price of GBX 507 per share, with a total value of £14,403.87. Company insiders own 2.19% of the company’s stock.

Close Brothers Group Stock Up 0.1%

Shares of LON CBG opened at GBX 489.60 on Friday. Close Brothers Group has a twelve month low of GBX 246.80 and a twelve month high of GBX 563.50. The stock’s 50 day moving average price is GBX 506.83 and its 200-day moving average price is GBX 480.24. The company has a market capitalization of £737.03 million, a PE ratio of -7.32, a PEG ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last issued its quarterly earnings results on Thursday, December 11th. The company reported GBX 59.30 EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, research analysts expect that Close Brothers Group will post 66.0070671 EPS 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.