Brokerages Set Close Brothers Group plc (LON:CBG) Price Target at GBX 452.50

Key Points

• Close Brothers Group plc has received an average rating of "Hold" from six brokerages, with four recommending a hold and two assigning a buy rating.
• The average 12-month target price for Close Brothers Group's stock is currently set at GBX 452.50, with varying target prices from different analysts.
• As of the last trading day, shares opened at GBX 477, marking a slight increase of 0.7% and fluctuating between a 52-week low of GBX 179.83 and a high of GBX 564.

Close Brothers Group plc (LON:CBG - Get Free Report) has earned an average recommendation of "Hold" from the six brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 452.50.

Several analysts have recently commented on the company. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 463 price objective on shares of Close Brothers Group in a report on Monday, August 4th. Royal Bank Of Canada downgraded Close Brothers Group to a "sector perform" rating and set a GBX 525 target price on the stock. in a research report on Monday, August 18th. Peel Hunt reissued a "hold" rating and issued a GBX 327 target price on shares of Close Brothers Group in a research report on Friday, July 25th. Finally, Shore Capital reissued a "hold" rating and issued a GBX 370 target price on shares of Close Brothers Group in a research report on Friday, July 25th.

Close Brothers Group Trading Up 0.9%

Shares of CBG traded up GBX 4.20 during midday trading on Friday, hitting GBX 463.80. 779,486 shares of the company's stock traded hands, compared to its average volume of 1,531,340. Close Brothers Group has a 1 year low of GBX 179.83 and a 1 year high of GBX 564. The firm's fifty day moving average is GBX 440.18 and its 200-day moving average is GBX 362.90. The stock has a market capitalization of £697.98 million, a price-to-earnings ratio of -676.09, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

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.