Analysts Set Close Brothers Group plc (LON:CBG) Price Target at GBX 481.25

Close Brothers Group plc (LON:CBG) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 481.25.

A number of research firms have recently commented on CBG. Royal Bank Of Canada cut Close Brothers Group to a “sector perform” rating and cut their target price for the company from GBX 625 to GBX 470 in a research note on Monday, July 6th. Shore Capital Group lowered Close Brothers Group to a “hold” rating and set a GBX 475 price target for the company. in a research note on Wednesday, April 8th. Finally, UBS Group restated a “buy” rating and set a GBX 555 price objective on shares of Close Brothers Group in a report on Monday, May 18th.

Close Brothers Group Price Performance

Close Brothers Group stock opened at GBX 426.20 on Monday. Close Brothers Group has a 1-year low of GBX 318.40 and a 1-year high of GBX 563.50. The firm has a market capitalization of £642.34 million, a P/E ratio of -12.07, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The company’s 50-day moving average is GBX 437.41 and its 200 day moving average is GBX 453.22.

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.