Close Brothers Group’s (CBG) Outperform Rating Reaffirmed at Royal Bank Of Canada

Close Brothers Group (LON:CBGGet Free Report)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 625 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 39.57% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. UBS Group restated a “buy” rating and set a GBX 555 price target on shares of Close Brothers Group in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Finally, Shore Capital Group lowered shares of Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a research note on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Close Brothers Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 500.63.

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Close Brothers Group Stock Performance

LON CBG opened at GBX 447.80 on Friday. Close Brothers Group has a twelve month low of GBX 314.38 and a twelve month high of GBX 563.50. The stock has a market cap of £674.15 million, a price-to-earnings ratio of -12.69, a PEG ratio of 1.87 and a beta of 1.24. The firm’s 50 day moving average price is GBX 424.41 and its two-hundred day moving average price is GBX 459.36.

Close Brothers Group (LON:CBGGet Free Report) last posted 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, research analysts forecast that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sally Williams bought 6,914 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was purchased at an average price of GBX 456 per share, with a total value of £31,527.84. Also, insider Mark Pain bought 8,898 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were purchased at an average cost of GBX 449 per share, with a total value of £39,952.02. Insiders bought a total of 25,601 shares of company stock valued at $11,205,114 in the last quarter. Insiders own 2.19% of the company’s stock.

About Close Brothers Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Close Brothers Group (LON:CBG)

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