Close Brothers Group plc (CBG) Given Consensus Rating of “Hold” by Analysts
Close Brothers Group plc (LON:CBG) has earned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 1,549.44 ($19.60).
CBG has been the topic of several recent research reports. Macquarie upped their target price on shares of Close Brothers Group plc from GBX 1,341 ($16.96) to GBX 1,500 ($18.98) and gave the company a “neutral” rating in a research report on Monday, March 20th. Peel Hunt cut shares of Close Brothers Group plc to a “hold” rating and set a GBX 1,600 ($20.24) target price on the stock. in a research report on Friday, May 19th. Numis Securities Ltd restated a “buy” rating and set a GBX 1,779 ($22.50) target price on shares of Close Brothers Group plc in a research report on Friday, May 19th. Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a research report on Friday, May 19th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 1,550 ($19.61) target price on shares of Close Brothers Group plc in a research report on Wednesday, March 15th.
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Shares of Close Brothers Group plc (LON:CBG) traded up 1.10% on Tuesday, hitting GBX 1566.00. The stock had a trading volume of 413,120 shares. The stock’s market cap is GBX 2.33 billion. Close Brothers Group plc has a 12 month low of GBX 975.00 and a 12 month high of GBX 1,715.00. The company has a 50 day moving average price of GBX 1,626.86 and a 200-day moving average price of GBX 1,521.61.
In related news, insider Elizabeth Lee sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of GBX 1,557 ($19.70), for a total transaction of £93,420 ($118,178.37). Insiders have purchased a total of 22 shares of company stock worth $35,526 over the last quarter.
Close Brothers Group plc Company Profile
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance.
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