Brokerages Set Close Brothers Group plc (LON:CBG) PT at GBX 583.17

Shares of Close Brothers Group plc (LON:CBG) 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.

Insiders Place Their Bets

In other news, insider Mike Morgan sold 7,920 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of GBX 506 ($6.47), for a total value of £40,075.20 ($51,214.31). 2.11% of the stock is owned by company insiders.

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.