Close Brothers Group plc (LON:CBG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Close Brothers Group plc (LON:CBG) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 500.63.

Several equities analysts have recently commented on the stock. UBS Group reissued a “buy” rating and issued a GBX 555 target price on shares of Close Brothers Group in a report on Monday, May 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 625 target price on shares of Close Brothers Group in a report on Friday, May 22nd. Finally, Shore Capital Group cut shares of Close Brothers Group to a “hold” rating and set a GBX 475 price target on the stock. in a research note on Wednesday, April 8th.

Close Brothers Group Stock Up 1.6%

Shares of Close Brothers Group stock opened at GBX 460.80 on Friday. The stock’s 50-day simple moving average is GBX 433.44 and its 200-day simple moving average is GBX 460.68. Close Brothers Group has a 52 week low of GBX 314.38 and a 52 week high of GBX 563.50. The company has a market capitalization of £693.72 million, a price-to-earnings ratio of -13.05, a PEG ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 27.10 EPS for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. On average, equities analysts expect that Close Brothers Group will post 66.0070671 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Kari Hale bought 5,017 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were bought at an average cost of GBX 406 per share, for a total transaction of £20,369.02. Also, insider Sally Williams bought 4,705 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was purchased at an average price of GBX 423 per share, for a total transaction of £19,902.15. Insiders have purchased a total of 25,601 shares of company stock worth $11,205,114 in the last 90 days. 2.19% of the stock is currently owned by corporate 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.