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

Shares of Close Brothers Group plc (LON:CBG) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 500.63.

CBG has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 625 price objective on shares of Close Brothers Group in a research report on Friday, May 22nd. UBS Group reissued a “buy” rating and set a GBX 555 price target on shares of Close Brothers Group in a report on Monday, May 18th. Finally, Shore Capital Group lowered Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a research report on Wednesday, April 8th.

Insider Buying and Selling at Close Brothers Group

In other Close Brothers Group news, insider Mark Pain bought 8,898 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was acquired at an average price of GBX 449 per share, for a total transaction of £39,952.02. Also, insider Kari Hale purchased 5,017 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were bought at an average cost of GBX 406 per share, with a total value of £20,369.02. Insiders acquired 25,601 shares of company stock worth $11,205,312 over the last 90 days. Company insiders own 2.19% of the company’s stock.

Close Brothers Group Stock Down 1.2%

Close Brothers Group stock opened at GBX 443.20 on Thursday. The company has a market capitalization of £667.92 million, a P/E ratio of -12.56, a PEG ratio of 1.87 and a beta of 1.24. Close Brothers Group has a twelve month low of GBX 318.40 and a twelve month high of GBX 563.50. The stock’s 50 day moving average is GBX 454.52 and its 200 day moving average is GBX 463.67.

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.