Close Brothers Group plc (LON:CBG) Receives GBX 624 Consensus Target Price from Brokerages

Shares of Close Brothers Group plc (LON:CBG) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has 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 issued ratings on the stock in the last year is GBX 624 ($8.24).

Several research analysts have recently commented on the company. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and boosted their price objective for the stock from GBX 375 ($4.95) to GBX 620 ($8.19) in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Close Brothers Group in a research report on Friday, July 5th. They set a “buy” rating and a GBX 610 ($8.06) price objective on the stock. Finally, Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research report on Monday, September 16th.

Close Brothers Group Stock Performance

LON:CBG opened at GBX 431 ($5.69) on Wednesday. Close Brothers Group has a 52-week low of GBX 278 ($3.67) and a 52-week high of GBX 911.50 ($12.04). The stock has a fifty day moving average of GBX 508.25 and a 200 day moving average of GBX 467.49. The firm has a market capitalization of £648.61 million, a price-to-earnings ratio of 453.68, a P/E/G ratio of 1.87 and a beta of 0.82.

Insider Activity

In other news, insider Mike Morgan sold 7,920 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of GBX 506 ($6.68), for a total transaction of £40,075.20 ($52,939.50). In the last 90 days, insiders acquired 90 shares of company stock valued at $45,096. Corporate insiders own 2.93% of the company’s stock.

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.