Close Brothers Group (LON:CBG) Given “Neutral” Rating at UBS Group

UBS Group reiterated their neutral rating on shares of Close Brothers Group (LON:CBG) in a research report report published on Monday morning, MarketBeat Ratings reports. They currently have a GBX 535 target price on the stock.

Several other research firms have also recently issued reports on CBG. Royal Bank Of Canada cut Close Brothers Group to a “sector perform” rating and set a GBX 525 target price on the stock. in a research note on Monday, August 18th. Peel Hunt restated a “hold” rating and set a GBX 327 price target on shares of Close Brothers Group in a research report on Friday, July 25th. Canaccord Genuity Group restated a “buy” rating and set a GBX 463 price target on shares of Close Brothers Group in a research report on Monday, August 4th. Finally, Shore Capital restated a “hold” rating and set a GBX 370 price target on shares of Close Brothers Group in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 464.29.

Close Brothers Group Stock Performance

CBG opened at GBX 497.80 on Monday. Close Brothers Group has a 52-week low of GBX 179.83 and a 52-week high of GBX 563.50. The stock has a market capitalization of £749.30 million, a PE ratio of -725.66, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock’s 50 day moving average price is GBX 462.08 and its 200-day moving average price is GBX 374.76.

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.