Close Brothers Group Lowered to “Reduce” at Numis Securities Ltd (CBG)
Close Brothers Group (LON:CBG) was downgraded by research analysts at Numis Securities Ltd from a “hold” rating to a “reduce” rating in a report released on Wednesday, ARN reports. They currently have a GBX 1,015 ($16.26) target price on the stock, up from their previous target price of GBX 875 ($14.02). Numis Securities Ltd’s price target suggests a potential downside of 14.63% from the company’s current price.
A number of other analysts have also recently weighed in on CBG. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Close Brothers Group (LON:CBG) in a research note to investors on Tuesday. They now have a GBX 1,105 ($17.70) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Close Brothers Group (LON:CBG) in a research note to investors on Tuesday. They now have a GBX 1,320 ($21.14) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Close Brothers Group (LON:CBG) from GBX 1,134 ($18.16) to GBX 1,212 ($19.41) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Close Brothers Group presently has an average rating of “Hold” and an average target price of GBX 1,121.93 ($17.97).
Close Brothers Group (LON:CBG) opened at 1177.00 on Wednesday. Close Brothers Group has a one year low of GBX 814.9999 and a one year high of GBX 1154.00. The stock’s 50-day moving average is GBX 1083. and its 200-day moving average is GBX 1043.. The company’s market cap is £1.713 billion.
Close Brothers Group plc is a specialist financial services company, which makes loans, trades securities and provides advice and investment management solutions to a range of clients.
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