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

Shares of Close Brothers Group plc (LON:CBG) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 481.25.

A number of equities research analysts recently commented on the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 555 price target on shares of Close Brothers Group in a report on Monday, May 18th. Shore Capital Group lowered Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada downgraded Close Brothers Group to a “sector perform” rating and decreased their target price for the stock from GBX 625 to GBX 470 in a research report on Monday, July 6th.

Close Brothers Group Stock Up 0.4%

Close Brothers Group stock opened at GBX 413.40 on Monday. The firm has a 50 day moving average price of GBX 438.73 and a 200-day moving average price of GBX 455.41. Close Brothers Group has a twelve month low of GBX 318.40 and a twelve month high of GBX 563.50. The company has a market capitalization of £623.05 million, a P/E ratio of -11.71, a P/E/G ratio of 1.87 and a beta of 1.24.

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.