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

Shares of Close Brothers Group plc (LON:CBG) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 624 ($8.24).

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Close Brothers Group in a research report on Friday, July 5th. They set a “buy” rating and a GBX 610 ($8.06) target price for the company. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and increased their price objective for the company from GBX 375 ($4.95) to GBX 620 ($8.19) in a report on Thursday, August 29th. Finally, Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research note on Monday, September 16th.

Insider Activity at Close Brothers Group

In other Close Brothers Group news, insider Mike Morgan sold 7,920 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of GBX 506 ($6.68), for a total transaction of £40,075.20 ($52,939.50). In the last ninety days, insiders acquired 90 shares of company stock worth $45,096. Corporate insiders own 2.93% of the company’s stock.

Close Brothers Group Stock Performance

CBG opened at GBX 431 ($5.69) on Wednesday. Close Brothers Group has a fifty-two week low of GBX 278 ($3.67) and a fifty-two week high of GBX 911.50 ($12.04). The firm has a 50-day moving average of GBX 508.25 and a 200 day moving average of GBX 467.49. The firm has a market cap of £648.61 million, a P/E ratio of 453.68, a PEG ratio of 1.87 and a beta of 0.82.

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.