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

Close Brothers Group plc (LON:CBG) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 502.50.

A number of equities analysts have recently weighed in on CBG shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 400 target price on shares of Close Brothers Group in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research report on Friday. Panmure Gordon restated a “hold” rating and set a GBX 500 price target on shares of Close Brothers Group in a report on Thursday, October 9th. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 price target on shares of Close Brothers Group in a research note on Tuesday, November 25th. Finally, Shore Capital reiterated a “hold” rating and set a GBX 510 price objective on shares of Close Brothers Group in a report on Thursday, November 20th.

Close Brothers Group Stock Down 0.7%

Shares of Close Brothers Group stock opened at GBX 514.60 on Monday. Close Brothers Group has a 12 month low of GBX 246.80 and a 12 month high of GBX 563.50. The stock has a market cap of £774.63 million, a PE ratio of -7.69, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The business has a fifty day simple moving average of GBX 480.94 and a 200-day simple moving average of GBX 468.21.

Close Brothers Group (LON:CBG) last posted its quarterly earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share 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.

Insider Buying and Selling at Close Brothers Group

In other news, insider Mike Morgan purchased 2,841 shares of Close Brothers Group stock in a transaction dated Monday, January 12th. The stock was acquired at an average cost of GBX 507 per share, for a total transaction of £14,403.87. 2.19% 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.