Close Brothers Group Given New GBX 1,330 Price Target at Berenberg Bank (CBG)
Research analysts at Berenberg Bank lifted their price target on shares of Close Brothers Group (LON:CBG) from GBX 1,150 ($18.45) to GBX 1,330 ($21.34) in a report released on Wednesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 8.84% from the company’s current price.
Close Brothers Group (LON:CBG) traded up 0.33% during mid-day trading on Wednesday, hitting GBX 1226.00. 87,712 shares of the company’s stock traded hands. Close Brothers Group has a one year low of GBX 814.9999 and a one year high of GBX 1230.00. The stock has a 50-day moving average of GBX 1083. and a 200-day moving average of GBX 1043.. The company’s market cap is £1.806 billion.
CBG has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd downgraded shares of Close Brothers Group from a “hold” rating to a “reduce” rating in a research note to investors on Wednesday, September 25th. They now have a GBX 1,015 ($16.28) price target on the stock, up previously from GBX 875 ($14.04). Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of Close Brothers Group in a research note to investors on Tuesday, September 24th. They now have a GBX 1,105 ($17.73) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Close Brothers Group in a research note to investors on Tuesday, September 24th. They now have a GBX 1,320 ($21.18) price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,172.26 ($18.81).
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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