Close Brothers Group plc (LON:CBG) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Close Brothers Group plc (LON:CBG - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 624 ($8.24).

Several equities research analysts have weighed in on CBG shares. Royal Bank of Canada upgraded Close Brothers Group to an "outperform" rating and upped their price target for the stock from GBX 375 ($4.95) to GBX 620 ($8.19) in a report on Thursday, August 29th. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Close Brothers Group in a research note on Friday, July 5th. They issued a "buy" rating and a GBX 610 ($8.06) price target for the company.

Insider Buying and Selling

In other Close Brothers Group news, insider Mike Morgan sold 7,920 shares of the company's stock in a transaction on Monday, July 15th. The shares were sold at an average price of GBX 506 ($6.68), for a total value of £40,075.20 ($52,939.50). Insiders have purchased 90 shares of company stock worth $45,096 in the last ninety days. 2.93% of the stock is owned by corporate insiders.

Close Brothers Group Stock Performance

Shares of Close Brothers Group stock traded up GBX 2 ($0.03) during trading hours on Wednesday, reaching GBX 527.50 ($6.97). 209,394 shares of the company were exchanged, compared to its average volume of 899,806. The firm has a market cap of £793.83 million, a PE ratio of 558.42, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 1 year low of GBX 278 ($3.67) and a 1 year high of GBX 911.50 ($12.04). The stock's fifty day moving average is GBX 508.53 and its 200 day moving average is GBX 465.20.

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.