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

Close Brothers Group plc (LON:CBG) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Three investment 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 brokers that have updated their coverage on the stock in the last year is GBX 481.25.

Several equities analysts have commented on the company. UBS Group reaffirmed a “buy” rating and issued a GBX 555 price objective on shares of Close Brothers Group in a research report on Monday, May 18th. Royal Bank Of Canada lowered shares of Close Brothers Group to a “sector perform” rating and lowered their target price for the company from GBX 625 to GBX 470 in a research note on Monday, July 6th.

Close Brothers Group Stock Performance

Shares of CBG stock opened at GBX 416.50 on Tuesday. Close Brothers Group has a 52-week low of GBX 318.40 and a 52-week high of GBX 556.15. The firm has a market capitalization of £627.75 million, a P/E ratio of -11.80, a P/E/G ratio of 1.87 and a beta of 1.24. The stock has a 50 day moving average price of GBX 420.33 and a 200 day moving average price of GBX 433.14.

Insiders Place Their Bets

In related news, insider Fiona McCarthy sold 1,626 shares of Close Brothers Group stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 426, for a total transaction of £6,926.76. 2.21% of the stock is owned by 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.