Analysts Set Close Brothers Group plc (LON:CBG) PT at GBX 500.63

Shares of Close Brothers Group plc (LON:CBG) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 500.63.

Several equities analysts have recently weighed in on CBG shares. Shore Capital Group cut Close Brothers Group to a “hold” rating and set a GBX 475 price target for the company. in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a research report on Friday, January 23rd. UBS Group upgraded Close Brothers Group to a “buy” rating and set a GBX 555 price target for the company in a research report on Friday, March 27th. Finally, Royal Bank Of Canada upgraded Close Brothers Group to an “outperform” rating and lifted their price target for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th.

Close Brothers Group Stock Performance

Shares of LON CBG opened at GBX 416 on Friday. The stock has a market cap of £626.28 million, a PE ratio of -11.78, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Close Brothers Group has a fifty-two week low of GBX 276 and a fifty-two week high of GBX 563.50. The stock has a fifty day moving average of GBX 439.06 and a 200-day moving average of GBX 459.96.

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

Insider Buying and Selling at Close Brothers Group

In other Close Brothers Group news, insider Mark Pain acquired 8,898 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was bought at an average price of GBX 449 per share, with a total value of £39,952.02. Also, insider Sally Williams acquired 6,914 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average cost of GBX 456 per share, with a total value of £31,527.84. Insiders have purchased 15,845 shares of company stock valued at $7,162,935 in the last three months. 2.19% of the stock is owned by corporate insiders.

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.