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

Shares of Close Brothers Group plc (LON:CBG) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 502.50.

Several research firms have issued reports on CBG. Peel Hunt restated an “add” rating and issued a GBX 300 price target on shares of Close Brothers Group in a research report on Tuesday, November 25th. Panmure Gordon restated a “hold” rating and issued a GBX 500 target price on shares of Close Brothers Group in a report on Thursday, October 9th. Royal Bank Of Canada raised Close Brothers Group to an “outperform” rating and boosted their target price for the stock from GBX 475 to GBX 625 in a research report on Friday, January 16th. Keefe, Bruyette & Woods reduced their target price on Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a report on Friday, October 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Close Brothers Group in a research report on Thursday, October 16th.

Insider Activity at Close Brothers Group

In other news, insider Mike Morgan bought 2,841 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were acquired at an average cost of GBX 507 per share, with a total value of £14,403.87. 2.19% of the stock is currently owned by insiders.

Close Brothers Group Trading Down 0.7%

Shares of LON CBG opened at GBX 514.60 on Monday. Close Brothers Group has a twelve month low of GBX 246.80 and a twelve month high of GBX 563.50. The company has a market capitalization of £774.63 million, a price-to-earnings ratio of -7.69, a PEG ratio of 1.87 and a beta of 0.82. The firm has a 50-day moving average of GBX 480.94 and a two-hundred day moving average of GBX 468.21.

Close Brothers Group (LON:CBG) last announced its quarterly earnings data on Thursday, December 11th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. As a group, research analysts predict that Close Brothers Group will post 66.0070671 earnings per share for the current 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.