Analysts Set Close Brothers Group plc (LON:CBG) PT at GBX 502.50

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

A number of equities analysts have issued reports on the company. Shore Capital Group restated a “hold” rating and set a GBX 510 price target on shares of Close Brothers Group in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a research note on Friday, January 23rd. Peel Hunt reiterated an “add” rating and set a GBX 300 target price on shares of Close Brothers Group in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada upgraded Close Brothers Group to an “outperform” rating and upped their price objective for the company from GBX 475 to GBX 625 in a research note on Friday, January 16th.

Close Brothers Group Stock Performance

CBG opened at GBX 491.20 on Friday. Close Brothers Group has a fifty-two week low of GBX 246.80 and a fifty-two week high of GBX 563.50. The stock has a fifty day moving average of GBX 507.32 and a 200-day moving average of GBX 479.65. The company has a market capitalization of £739.44 million, a P/E ratio of -7.34, a P/E/G ratio of 1.87 and a beta of 0.82.

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

Insider Buying and Selling at Close Brothers Group

In related news, insider Mike Morgan bought 2,841 shares of the company’s stock in a transaction on Monday, January 12th. The stock was acquired at an average cost of GBX 507 per share, for a total transaction of £14,403.87. Insiders own 2.19% of the company’s stock.

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.