Close Brothers Group Receives Moderate Buy Rating from Analysts

Close Brothers Group plc (LON:CBG) has received an average recommendation rating of 'Moderate Buy' from eight research firms covering the company, according to MarketBeat Ratings. The stock's price target among these analysts is GBX 481.25.

The financial services firm operates in various segments, including commercial and retail banking, property, asset management, and securities. Its business provides a range of products and services, such as debt factoring, invoice discounting, and asset-based lending, as well as financing for small businesses and individuals.

In July, Royal Bank Of Canada downgraded Close Brothers Group to 'sector perform' from 'buy', reducing its target price to GBX 470. The company's stock opened at GBX 399 on Friday with a market capitalization of £601.37 million.