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

Shares of Close Brothers Group plc (LON:CBG) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 481.25.

A number of research analysts have recently commented on CBG shares. Shore Capital Group cut Close Brothers Group to a “hold” rating and set a GBX 475 target price for the company. in a research note on Wednesday, April 8th. Royal Bank Of Canada cut Close Brothers Group to a “sector perform” rating and reduced their price target for the stock from GBX 625 to GBX 470 in a research note on Monday, July 6th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 555 price objective on shares of Close Brothers Group in a report on Monday, May 18th.

Close Brothers Group Stock Performance

Close Brothers Group stock opened at GBX 432.34 on Monday. Close Brothers Group has a fifty-two week low of GBX 318.40 and a fifty-two week high of GBX 563.50. The stock’s 50 day simple moving average is GBX 436.39 and its two-hundred day simple moving average is GBX 451.70. The stock has a market cap of £651.60 million, a price-to-earnings ratio of -12.25, a PEG ratio of 1.87 and a beta of 1.24.

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.