Analysts Set Close Brothers Group plc (LON:CBG) Target Price at GBX 481.25

Close Brothers Group plc (LON:CBG) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 481.25.

A number of brokerages have issued reports on CBG. Royal Bank Of Canada downgraded shares of Close Brothers Group to a “sector perform” rating and reduced their price objective for the company from GBX 625 to GBX 470 in a research report on Monday, July 6th. UBS Group restated 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 downgraded Close Brothers Group to a “hold” rating and set a GBX 475 target price on the stock. in a research note on Wednesday, April 8th.

Close Brothers Group Trading Up 1.4%

CBG opened at GBX 420.80 on Monday. Close Brothers Group has a 12 month low of GBX 318.40 and a 12 month high of GBX 563.50. The business’s 50-day moving average price is GBX 436.39 and its 200-day moving average price is GBX 452.21. The company has a market cap of £634.20 million, a P/E ratio of -11.92, a P/E/G ratio of 1.87 and a beta of 1.24.

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.