Shares of Close Brothers Group plc (LON:CBG – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 583.17 ($7.47).
Several research firms have issued reports on CBG. Deutsche Bank Aktiengesellschaft began coverage on shares of Close Brothers Group in a research note on Friday, July 5th. They set a “buy” rating and a GBX 610 ($7.81) price objective for the company. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a GBX 375 ($4.80) target price on shares of Close Brothers Group in a research note on Wednesday, March 20th.
Close Brothers Group Stock Up 1.9 %
Insider Activity
In related news, insider Mike Morgan sold 7,985 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.50), for a total value of £34,255.65 ($43,878.12). In related news, insider Patricia Halliday purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of GBX 453 ($5.80) per share, with a total value of £2,265 ($2,901.24). Also, insider Mike Morgan sold 7,985 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.50), for a total transaction of £34,255.65 ($43,878.12). Over the last three months, insiders bought 4,592 shares of company stock worth $2,047,450. 2.11% of the stock is currently 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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