Close Brothers Group plc (LON:CBG) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have given Close Brothers Group plc a consensus rating of "Hold", with five analysts recommending a hold and two suggesting a buy.
• The average one-year target price for the stock among brokers is GBX 464.29, while shares opened at GBX 479.60 and are currently down 1.2%.
• Close Brothers Group provides various financial services primarily to small businesses and individuals in the UK, with its operations spanning five segments, including Commercial and Asset Management.

Shares of Close Brothers Group plc (LON:CBG - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 464.29.

CBG has been the subject of several research reports. Shore Capital reaffirmed a "hold" rating and set a GBX 370 price target on shares of Close Brothers Group in a research report on Friday, July 25th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 463 price target on shares of Close Brothers Group in a research report on Monday, August 4th. Peel Hunt reaffirmed a "hold" rating and set a GBX 327 price target on shares of Close Brothers Group in a research report on Friday, July 25th. UBS Group reiterated a "neutral" rating and set a GBX 535 price objective on shares of Close Brothers Group in a research note on Monday, September 15th. Finally, Royal Bank Of Canada downgraded Close Brothers Group to a "sector perform" rating and set a GBX 525 price objective for the company. in a research note on Monday, August 18th.

Close Brothers Group Stock Down 1.2%

LON CBG opened at GBX 479.60 on Tuesday. Close Brothers Group has a 52 week low of GBX 179.83 and a 52 week high of GBX 563.50. The firm has a market capitalization of £721.90 million, a P/E ratio of -699.13, a PEG ratio of 1.87 and a beta of 0.82. The company has a 50-day moving average price of GBX 471.19 and a 200-day moving average price of GBX 380.16.

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.

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