Brokerages Set Close Brothers Group plc (LON:CBG) PT at GBX 500.63

Shares of Close Brothers Group plc (LON:CBG) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 500.63.

CBG has been the topic of a number of recent analyst reports. UBS Group upgraded Close Brothers Group to a “buy” rating and set a GBX 555 price target on the stock in a research report on Friday, March 27th. Shore Capital Group cut Close Brothers Group to a “hold” rating and set a GBX 475 target price for the company. in a report on Wednesday, April 8th. Royal Bank Of Canada raised Close Brothers Group to an “outperform” rating and increased their target price for the company from GBX 475 to GBX 625 in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a report on Friday, January 23rd.

Insider Activity at Close Brothers Group

In related news, insider Kari Hale purchased 5,017 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average price of GBX 406 per share, with a total value of £20,369.02. Also, insider Sally Williams purchased 4,705 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was bought at an average cost of GBX 423 per share, with a total value of £19,902.15. Over the last 90 days, insiders purchased 25,601 shares of company stock valued at $11,205,114. 2.19% of the stock is currently owned by insiders.

Close Brothers Group Stock Up 0.4%

Shares of CBG opened at GBX 439.40 on Wednesday. Close Brothers Group has a 52 week low of GBX 314.38 and a 52 week high of GBX 563.50. The company has a market capitalization of £661.50 million, a price-to-earnings ratio of -12.45, a PEG ratio of 1.87 and a beta of 1.24. The stock’s 50-day moving average price is GBX 424.93 and its 200-day moving average price is GBX 458.71.

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

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.