Close Brothers Group plc (LON:CBG) Receives GBX 583.17 Average Price Target from Brokerages

Close Brothers Group plc (LON:CBG) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 583.17 ($7.47).

A number of brokerages recently weighed in on CBG. Royal Bank of Canada reissued 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. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research report on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Close Brothers Group in a research note on Friday, July 5th. They set a “buy” rating and a GBX 610 ($7.81) price target on the stock.

Close Brothers Group Trading Up 0.3 %

Shares of Close Brothers Group stock opened at GBX 500 ($6.40) on Friday. The company has a fifty day simple moving average of GBX 463.71 and a 200-day simple moving average of GBX 482.66. The stock has a market cap of £752.45 million, a price-to-earnings ratio of 524.84, a PEG ratio of 1.87 and a beta of 0.80. Close Brothers Group has a 12-month low of GBX 278 ($3.56) and a 12-month high of GBX 989.50 ($12.67).

Insider Transactions at Close Brothers Group

In related news, insider Mark Pain purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were purchased at an average price of GBX 444 ($5.69) per share, for a total transaction of £17,760 ($22,748.82). In other news, insider Patricia Halliday bought 500 shares of Close Brothers Group stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of GBX 453 ($5.80) per share, for a total transaction of £2,265 ($2,901.24). Also, insider Mark Pain bought 4,000 shares of the stock in a transaction dated Friday, April 19th. The stock was purchased at an average cost of GBX 444 ($5.69) per share, for a total transaction of £17,760 ($22,748.82). Over the last quarter, insiders acquired 4,592 shares of company stock worth $2,047,450. Company insiders own 2.11% 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.