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

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

CBG has been the topic of several research reports. Royal Bank Of Canada raised shares of Close Brothers Group to an “outperform” rating and increased their price target for the stock from GBX 475 to GBX 625 in a research report on Friday, January 16th. Shore Capital Group reaffirmed a “hold” rating and set a GBX 510 target price on shares of Close Brothers Group in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Peel Hunt restated an “add” rating and issued a GBX 300 price target on shares of Close Brothers Group in a research note on Tuesday, November 25th.

Close Brothers Group Price Performance

LON CBG opened at GBX 358.53 on Tuesday. The company has a market cap of £539.75 million, a P/E ratio of -5.36, a P/E/G ratio of 1.87 and a beta of 1.18. The stock has a 50-day moving average of GBX 490.07 and a two-hundred day moving average of GBX 473.01. Close Brothers Group has a 1-year low of GBX 246.80 and a 1-year high of GBX 563.50.

Insider Activity

In related news, insider Mike Morgan bought 2,841 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average cost of GBX 507 per share, for a total transaction of £14,403.87. Insiders acquired 2,902 shares of company stock valued at $1,469,952 in the last 90 days. 2.19% of the stock is currently owned by company 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.