Close Brothers Group plc (LON:CBG) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Close Brothers Group a “Moderate Buy” consensus: Five of eight covering analysts recommend buying the stock, while three rate it a hold. The average 12-month price target is GBX 481.25.
• Royal Bank of Canada downgraded the shares to “sector perform” and cut its price target from GBX 625 to GBX 470.
• The stock opened at GBX 399, with a market capitalization of approximately £601.37 million. The company reported quarterly EPS of GBX 47.50 but posted a negative net margin of 7.56% and negative return on equity of 4.07%.

Close Brothers Group plc (LON:CBG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 481.25.

Separately, Royal Bank Of Canada cut shares of Close Brothers Group to a "sector perform" rating and decreased their target price for the stock from GBX 625 to GBX 470 in a research report on Monday, July 6th.

Close Brothers Group Stock Performance

CBG stock opened at GBX 399 on Friday. The company has a market capitalization of £601.37 million, a PE ratio of -11.30, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. Close Brothers Group has a one year low of GBX 318.40 and a one year high of GBX 556.15. The company's 50 day moving average price is GBX 415.20 and its two-hundred day moving average price is GBX 424.87.

Close Brothers Group (LON:CBG - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts predict that Close Brothers Group will post 66.0070671 EPS for the current year.

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 stock was sold at an average price of GBX 426, for a total value of £6,926.76. 2.21% of the stock is owned by company 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.

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