Close Brothers Group plc (LON:CBG) Receives Average Rating of “Hold” from Brokerages

Close Brothers Group plc (LON:CBG) has received an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 490.63.

A number of equities analysts recently weighed in on CBG shares. Panmure Gordon reissued a “hold” rating and set a GBX 500 price objective on shares of Close Brothers Group in a report on Thursday, October 9th. Shore Capital restated a “hold” rating and issued a GBX 510 price objective on shares of Close Brothers Group in a report on Thursday, November 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 400 price target on shares of Close Brothers Group in a research note on Thursday, October 16th. Keefe, Bruyette & Woods lowered their target price on shares of Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a report on Friday, October 10th. Finally, Royal Bank Of Canada dropped their target price on shares of Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating on the stock in a research note on Friday, October 3rd.

Close Brothers Group Stock Performance

Shares of LON CBG opened at GBX 525 on Thursday. Close Brothers Group has a fifty-two week low of GBX 206.57 and a fifty-two week high of GBX 563.50. The stock has a market cap of £790.26 million, a PE ratio of -7.85, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock has a fifty day moving average of GBX 456.82 and a 200-day moving average of GBX 454.78.

Close Brothers Group (LON:CBG) last posted its earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, sell-side analysts predict that Close Brothers Group will post 66.0070671 EPS for the current year.

Insider Activity at Close Brothers Group

In related news, insider Mike Morgan sold 2,538 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of GBX 517, for a total value of £13,121.46. 2.19% 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.