Brokerages Set Close Brothers Group plc (LON:CBG) Target Price at GBX 500.63

Close Brothers Group plc (LON:CBG) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 500.63.

Several equities analysts have issued reports on CBG shares. Shore Capital Group cut Close Brothers Group to a “hold” rating and set a GBX 475 target price on the stock. in a research report on Wednesday, April 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 625 target price on shares of Close Brothers Group in a research report on Friday, May 22nd. Finally, UBS Group reiterated a “buy” rating and set a GBX 555 target price on shares of Close Brothers Group in a research report on Monday, May 18th.

Insiders Place Their Bets

In other Close Brothers Group news, insider Sally Williams bought 6,914 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were bought at an average price of GBX 456 per share, for a total transaction of £31,527.84. Also, insider Kari Hale bought 5,017 shares of the company’s stock in a transaction on Monday, April 13th. The shares were acquired at an average price of GBX 406 per share, for a total transaction of £20,369.02. In the last 90 days, insiders have acquired 25,568 shares of company stock worth $11,190,165. Company insiders own 2.19% of the company’s stock.

Close Brothers Group Trading Down 0.9%

LON CBG opened at GBX 453.20 on Friday. The business’s 50 day moving average is GBX 442.82 and its two-hundred day moving average is GBX 461.20. Close Brothers Group has a 12-month low of GBX 317 and a 12-month high of GBX 563.50. The stock has a market capitalization of £682.28 million, a price-to-earnings ratio of -12.84, a PEG ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG) last released its earnings results on Tuesday, March 17th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. Equities analysts forecast that Close Brothers Group will post 66.0070671 earnings per share for the current fiscal year.

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.