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

by · The Markets Daily

Shares of Close Brothers Group plc (LON:CBG – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 481.25.

A number of research firms have weighed in on CBG. UBS Group reissued a “buy” rating and set a GBX 555 price objective on shares of Close Brothers Group in a research note on Monday, May 18th. Royal Bank Of Canada lowered Close Brothers Group to a “sector perform” rating and reduced their price target for the stock from GBX 625 to GBX 470 in a report on Monday, July 6th.

View Our Latest Stock Analysis on CBG

Close Brothers Group Stock Performance

LON:CBG opened at GBX 426.90 on Friday. Close Brothers Group has a one year low of GBX 318.40 and a one year high of GBX 556.15. The stock has a market cap of £643.39 million, a PE ratio of -12.09, a P/E/G ratio of 1.87 and a beta of 1.25. The stock has a 50 day moving average price of GBX 429.30 and a 200 day moving average price of GBX 443.08.

Insider Buying and Selling

In other Close Brothers Group news, insider Fiona McCarthy sold 1,626 shares of Close Brothers Group stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 426, for a total transaction of £6,926.76. 2.21% of the stock is owned by company insiders.

About Close Brothers Group

(Get Free Report)

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.

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