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

Shares of Close Brothers Group plc (LON:CBG) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 583.17 ($7.47).

Several research firms have issued reports on CBG. Deutsche Bank Aktiengesellschaft began coverage on shares of Close Brothers Group in a research note on Friday, July 5th. They set a “buy” rating and a GBX 610 ($7.81) price objective for the company. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a GBX 375 ($4.80) target price on shares of Close Brothers Group in a research note on Wednesday, March 20th.

Close Brothers Group Stock Up 1.9 %

CBG opened at GBX 486.33 ($6.23) on Friday. Close Brothers Group has a 52-week low of GBX 278 ($3.56) and a 52-week high of GBX 989.50 ($12.67). The company has a 50 day moving average of GBX 462.76 and a two-hundred day moving average of GBX 482.52. The company has a market cap of £731.87 million, a P/E ratio of 511.38, a P/E/G ratio of 1.87 and a beta of 0.80.

Insider Activity

In related news, insider Mike Morgan sold 7,985 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.50), for a total value of £34,255.65 ($43,878.12). In related news, insider Patricia Halliday purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of GBX 453 ($5.80) per share, with a total value of £2,265 ($2,901.24). Also, insider Mike Morgan sold 7,985 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.50), for a total transaction of £34,255.65 ($43,878.12). Over the last three months, insiders bought 4,592 shares of company stock worth $2,047,450. 2.11% of the stock is currently owned by company insiders.

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.