Close Brothers Group plc (LON:CBG) Stock Has Average Target Price of GBX 481.25

Close Brothers Group plc (LON:CBG) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 481.25.

Separately, Royal Bank Of Canada cut Close Brothers Group to a “sector perform” rating and decreased their price target for the company from GBX 625 to GBX 470 in a research note on Monday, July 6th.

Insider Buying and Selling

In other Close Brothers Group news, insider Fiona McCarthy sold 1,626 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of GBX 426, for a total transaction of £6,926.76. 2.19% of the stock is owned by company insiders.

Close Brothers Group Price Performance

LON:CBG opened at GBX 389.60 on Friday. 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 50 day moving average of GBX 413.16 and a 200 day moving average of GBX 426.31. The stock has a market capitalization of £587.22 million, a price-to-earnings ratio of -6.82, a PEG ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, September 29th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Close Brothers Group had a negative net margin of 7.56% and a negative return on equity of 4.07%. As a group, analysts expect that Close Brothers Group will post 66.0070671 EPS for the current year.

Close Brothers Group Company Profile

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.