Close Brothers Group plc (LON:CBG) Given Average Rating of “Moderate Buy” by Brokerages

Close Brothers Group plc (LON:CBGGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 481.25.

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lowered Close Brothers Group to a “sector perform” rating and lowered their price target for the stock from GBX 625 to GBX 470 in a research note on Monday, July 6th. UBS Group restated a “buy” rating and issued a GBX 555 price objective on shares of Close Brothers Group in a report on Monday, May 18th.

View Our Latest Analysis on CBG

Close Brothers Group Trading Up 1.6%

LON:CBG opened at GBX 426.90 on Friday. Close Brothers Group has a 12 month low of GBX 318.40 and a 12 month high of GBX 556.15. The stock has a 50 day moving average of GBX 429.30 and a two-hundred day moving average of GBX 443.08. The firm has a market cap of £643.39 million, a P/E ratio of -12.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25.

Insider Activity at Close Brothers Group

In other news, insider Fiona McCarthy sold 1,626 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 426, for a total value of £6,926.76. 2.21% of the stock is owned by company insiders.

Close Brothers Group Company Profile

(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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