Close Brothers Group plc (LON:CBG) Given New GBX 1,535 Price Target at Liberum Capital
Close Brothers Group plc (LON:CBG) had its price target raised by analysts at Liberum Capital from GBX 1,400 ($18.13) to GBX 1,535 ($19.88) in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the stock. Liberum Capital’s price target suggests a potential upside of 5.21% from the company’s current price.
Several other equities research analysts have also recently weighed in on the stock. Peel Hunt reiterated an “add” rating and issued a GBX 1,600 ($20.73) target price on shares of Close Brothers Group plc in a research note on Monday, March 27th. Macquarie cut shares of Close Brothers Group plc to an “underperform” rating and set a GBX 1,430 ($18.52) target price for the company. in a research note on Tuesday, May 9th. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group plc in a research note on Friday, May 19th. Numis Securities Ltd cut shares of Close Brothers Group plc to a “hold” rating and reduced their target price for the company from GBX 1,779 ($23.04) to GBX 1,557 ($20.17) in a research note on Monday, July 3rd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,780 ($23.06) target price on shares of Close Brothers Group plc in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Close Brothers Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,535.80 ($19.89).
Shares of Close Brothers Group plc (LON:CBG) traded down 0.41% during mid-day trading on Friday, reaching GBX 1459.00. The company’s stock had a trading volume of 291,676 shares. The stock’s market capitalization is GBX 2.17 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 1,574.80 and a 200 day moving average price of GBX 1,533.65.
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About Close Brothers Group plc
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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