Analysts Set Close Brothers Group plc (LON:CBG) Target Price at GBX 624

Close Brothers Group plc (LON:CBG) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 624 ($8.24).

A number of equities research analysts recently issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Close Brothers Group in a research note on Friday, July 5th. They set a “buy” rating and a GBX 610 ($8.06) price target on the stock. Finally, Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and upped their price target for the company from GBX 375 ($4.95) to GBX 620 ($8.19) in a research note on Thursday, August 29th.

Close Brothers Group Stock Performance

CBG stock opened at GBX 431 ($5.69) on Wednesday. Close Brothers Group has a one year low of GBX 278 ($3.67) and a one year high of GBX 911.50 ($12.04). The company’s fifty day moving average price is GBX 508.25 and its 200-day moving average price is GBX 466.26. The company has a market capitalization of £648.61 million, a PE ratio of 453.68, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

Insider Buying and Selling

In related news, insider Mike Morgan sold 7,985 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.67), for a total value of £34,255.65 ($45,251.85). Insiders acquired a total of 90 shares of company stock valued at $45,096 over the last three months. 2.93% 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.