Close Brothers Group plc (LON:CBG) Receives GBX 494 Average Price Target from Analysts

Close Brothers Group plc (LON:CBG) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 494.

A number of research analysts recently issued reports on CBG shares. Panmure Gordon restated a “hold” rating and set a GBX 500 price objective on shares of Close Brothers Group in a report on Thursday, October 9th. UBS Group reissued a “neutral” rating and issued a GBX 535 price target on shares of Close Brothers Group in a report on Monday, September 15th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 400 price objective on shares of Close Brothers Group in a research report on Thursday, October 16th. Shore Capital reaffirmed a “hold” rating and set a GBX 510 price objective on shares of Close Brothers Group in a research note on Friday, October 10th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 327 target price on shares of Close Brothers Group in a report on Friday, July 25th.

Close Brothers Group Stock Down 0.5%

Shares of Close Brothers Group stock opened at GBX 434.60 on Wednesday. Close Brothers Group has a 12 month low of GBX 195.40 and a 12 month high of GBX 563.50. The business has a fifty day simple moving average of GBX 460.85 and a 200 day simple moving average of GBX 423.56. The stock has a market cap of £654.18 million, a PE ratio of -6.50, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last posted its earnings results on Tuesday, September 30th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Analysts expect that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

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.