Close Brothers Group plc (CBG) Stock Rating Reaffirmed by Peel Hunt
Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Friday. They currently have a GBX 1,600 ($20.89) price target on the stock. Peel Hunt’s target price would suggest a potential upside of 4.85% from the stock’s current price.
Other research analysts have also issued research reports about the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,780 ($23.24) price target on shares of Close Brothers Group plc in a research note on Monday, May 22nd. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group plc in a research note on Friday, May 19th. Macquarie lowered shares of Close Brothers Group plc to an “underperform” rating and set a GBX 1,430 ($18.67) price target on the stock. in a research note on Tuesday, May 9th. Liberum Capital reiterated a “hold” rating and issued a GBX 1,400 ($18.28) price target on shares of Close Brothers Group plc in a research note on Friday, May 19th. Finally, Numis Securities Ltd lowered shares of Close Brothers Group plc to a “hold” rating and decreased their price target for the company from GBX 1,779 ($23.23) to GBX 1,557 ($20.33) in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,537.60 ($20.08).
Close Brothers Group plc (LON:CBG) traded up 1.73% during midday trading on Friday, reaching GBX 1526.00. The company had a trading volume of 361,237 shares. The firm’s market capitalization is GBX 2.27 billion. The stock’s 50 day moving average price is GBX 1,523.90 and its 200-day moving average price is GBX 1,540.01. Close Brothers Group plc has a one year low of GBX 1,216.00 and a one year high of GBX 1,715.00.
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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