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

Shares of Close Brothers Group plc (LON:CBG) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 583.17 ($7.47).

A number of research analysts recently commented on CBG shares. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Wednesday, May 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 375 ($4.80) price target on shares of Close Brothers Group in a research report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Close Brothers Group in a research report on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.81) price target on the stock.

Insider Buying and Selling at Close Brothers Group

In other Close Brothers Group news, insider Patricia Halliday bought 500 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average price of GBX 453 ($5.80) per share, for a total transaction of £2,265 ($2,901.24). In other news, insider Mike Morgan sold 7,985 shares of Close Brothers Group stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 429 ($5.50), for a total transaction of £34,255.65 ($43,878.12). Also, insider Patricia Halliday purchased 500 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average cost of GBX 453 ($5.80) per share, for a total transaction of £2,265 ($2,901.24). Insiders have acquired a total of 4,592 shares of company stock worth $2,047,450 over the last 90 days. Insiders own 2.11% of the company’s stock.

Close Brothers Group Price Performance

CBG stock opened at GBX 486.33 ($6.23) on Friday. The stock has a market capitalization of £731.87 million, a price-to-earnings ratio of 511.38, a PEG ratio of 1.87 and a beta of 0.80. The business’s fifty day moving average price is GBX 462.76 and its two-hundred day moving average price is GBX 482.52. Close Brothers Group has a fifty-two week low of GBX 278 ($3.56) and a fifty-two week high of GBX 989.50 ($12.67).

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.