Shares of Close Brothers Group plc (LON:CBG – Get Free Report) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 583.17 ($7.45).
Several brokerages recently issued reports on CBG. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft began coverage on Close Brothers Group in a report on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.80) price objective on the stock.
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Close Brothers Group Price Performance
Shares of LON:CBG opened at GBX 477.80 ($6.11) on Tuesday. The business’s 50-day moving average is GBX 473.27 and its 200 day moving average is GBX 452.17. Close Brothers Group has a 1 year low of GBX 278 ($3.55) and a 1 year high of GBX 911.50 ($11.65). The firm has a market capitalization of £719.04 million, a P/E ratio of 505.89, a P/E/G ratio of 1.87 and a beta of 0.80.
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.
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