Close Brothers Group plc (LON:CBG – Get 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%
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
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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