Close Brothers Group plc Analyst Recommendations and Stock Performance
Close Brothers Group plc (LON:CBG) has been receiving positive attention from analysts, with a consensus recommendation of “Moderate Buy” from six analysts covering the company. Two analysts have rated the stock as a hold, while four have given it a buy rating. The average 1-year target price among these analysts is GBX 583.17 ($7.38).
Recent research reports have highlighted the potential of Close Brothers Group, with Deutsche Bank Aktiengesellschaft initiating coverage with a “buy” rating and a target price of GBX 610 ($7.72). Shore Capital also reiterated a “buy” rating, while Royal Bank of Canada maintained a “sector perform” rating with a price target of GBX 375 ($4.74).
In terms of stock performance, CBG opened at GBX 477 ($6.03) on Friday, with a market capitalization of £717.84 million. The company has a price-to-earnings ratio of 502.11, a PEG ratio of 1.87, and a beta of 0.80. Close Brothers Group’s stock has a fifty-day moving average of GBX 462.24 and a 200-day moving average of GBX 486.98. The stock has ranged from a fifty-two week low of GBX 278 ($3.52) to a high of GBX 989.50 ($12.52).
Insider activity has also been notable, with insider Patricia Halliday purchasing 500 shares of the company’s stock and insider Mike Morgan selling 7,985 shares. Overall, insiders have bought 4,562 shares valued at $2,032,570 over the last three months, representing 2.11% of the stock.
Close Brothers Group plc is a merchant banking company that provides financial services to small businesses and individuals in the UK. The company operates through five segments and offers a range of banking services, financing options, insurance, and savings products.
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