Brokerages Set Close Brothers Group plc (LON:CBG) Price Target at GBX 502.50

Close Brothers Group plc (LON:CBG) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 502.50.

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price 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 reaffirmed an “add” rating and set a GBX 300 price target on shares of Close Brothers Group in a report on Tuesday, November 25th. Royal Bank Of Canada upgraded Close Brothers Group to an “outperform” rating and lifted their price objective for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Finally, Shore Capital Group reissued a “hold” rating and issued a GBX 510 price objective on shares of Close Brothers Group in a research note on Thursday, November 20th.

Insider Activity

In related news, insider Mike Morgan purchased 2,841 shares of Close Brothers Group stock in a transaction that occurred on Monday, January 12th. The shares were acquired at an average price of GBX 507 per share, for a total transaction of £14,403.87. Insiders bought 2,902 shares of company stock valued at $1,469,952 over the last three months. Insiders own 2.19% of the company’s stock.

Close Brothers Group Price Performance

Shares of Close Brothers Group stock opened at GBX 351 on Tuesday. Close Brothers Group has a 12-month low of GBX 246.80 and a 12-month high of GBX 563.50. The stock has a market capitalization of £528.41 million, a P/E ratio of -5.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The company has a 50-day simple moving average of GBX 479.75 and a 200 day simple moving average of GBX 470.48.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX 27.10 EPS for the quarter. Close Brothers Group had a negative net margin of 4.66% and a negative return on equity of 2.03%. On average, equities analysts anticipate that Close Brothers Group will post 66.0070671 earnings per share for the current year.

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.