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

Close Brothers Group plc (LON:CBG) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 481.25.

CBG has been the subject of several recent research reports. Royal Bank Of Canada downgraded Close Brothers Group to a “sector perform” rating and decreased their price target for the stock from GBX 625 to GBX 470 in a report on Monday, July 6th. UBS Group reaffirmed a “buy” rating and set a GBX 555 price objective on shares of Close Brothers Group in a report on Monday, May 18th.

Close Brothers Group Stock Up 1.5%

Shares of Close Brothers Group stock opened at GBX 426.20 on Friday. Close Brothers Group has a 52 week low of GBX 318.40 and a 52 week high of GBX 556.15. The business has a 50 day moving average price of GBX 426.98 and a 200-day moving average price of GBX 439.84. The company has a market cap of £642.34 million, a PE ratio of -12.07, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25.

Insider Transactions at Close Brothers Group

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

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.