Brokerages Set Close Brothers Group plc (LON:CBG) Price Target at GBX 500.62

Close Brothers Group plc (LON:CBG) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 500.62.

CBG has been the topic of several research reports. Shore Capital Group lowered Close Brothers Group to a “hold” rating and set a GBX 475 price target on the stock. in a research note on Wednesday, April 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 625 price objective on shares of Close Brothers Group in a research note 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 report on Monday, May 18th.

Insider Transactions at Close Brothers Group

In other Close Brothers Group news, insider Mark Pain acquired 8,898 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average cost of GBX 449 per share, for a total transaction of £39,952.02. Also, insider Sally Williams acquired 4,705 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were acquired at an average cost of GBX 423 per share, for a total transaction of £19,902.15. In the last quarter, insiders acquired 25,601 shares of company stock valued at $11,205,312. Company insiders own 2.19% of the company’s stock.

Close Brothers Group Stock Down 3.8%

CBG opened at GBX 399.80 on Thursday. The stock’s fifty day moving average is GBX 450.74 and its two-hundred day moving average is GBX 462.38. The company has a market capitalization of £602.51 million, a P/E ratio of -11.33, a PEG ratio of 1.87 and a beta of 1.24. Close Brothers Group has a 52 week low of GBX 318.40 and a 52 week high of GBX 563.50.

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.