Shares of Close Brothers Group plc (LON:CBG – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 461.67.
Separately, Royal Bank Of Canada lowered Close Brothers Group to a “sector perform” rating and cut their price target for the stock from GBX 625 to GBX 470 in a research report on Monday, July 6th.
View Our Latest Report on Close Brothers Group
Close Brothers Group Stock Performance
Close Brothers Group (LON:CBG – Get Free Report) last posted its earnings results on Tuesday, September 29th. The company reported GBX 47.50 earnings per share for the quarter. Close Brothers Group had a negative return on equity of 4.07% and a negative net margin of 7.56%. As a group, research analysts predict that Close Brothers Group will post 66.01 EPS for the current year.
Insider Activity
In other news, insider Fiona McCarthy sold 1,626 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of GBX 426, for a total transaction of £6,926.76. Company 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.
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