Berenberg Bank Increases Close Brothers Group plc Price Target to GBX 1,665 (CBG)
Equities research analysts at Berenberg Bank lifted their price objective on shares of Close Brothers Group plc (LON:CBG) from GBX 1,640 ($27.22) to GBX 1,665 ($27.63) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 21.53% from the company’s current price.
Close Brothers Group plc (LON:CBG) traded up 1.11% during mid-day trading on Tuesday, hitting GBX 1370.00. The stock had a trading volume of 171,737 shares. Close Brothers Group plc has a 1-year low of GBX 1047.00 and a 1-year high of GBX 1503.00. The stock has a 50-day moving average of GBX 1280.18 and a 200-day moving average of GBX 1349.. The company’s market cap is £2.018 billion.
CBG has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Close Brothers Group plc in a research note on Thursday, August 28th. They now have a GBX 1,500 ($24.89) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Close Brothers Group plc in a research note on Monday, July 28th. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Close Brothers Group plc in a research note on Thursday, July 24th. They now have a GBX 1,800 ($29.87) price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,491.22 ($24.75).
Close Brothers Group plc (LON:CBG) is a United Kingdom-based merchant banking group providing lending, deposit taking, wealth management services, and securities trading.
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