Close Brothers Group plc (LON:CBG) Stock Rating Reaffirmed by Numis Securities Ltd
Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reissued by investment analysts at Numis Securities Ltd in a note issued to investors on Friday, Marketbeat reports. They presently have a GBX 1,575 ($20.57) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 3.21% from the stock’s current price.
CBG has been the topic of a number of other reports. Liberum Capital upped their target price on Close Brothers Group plc from GBX 1,400 ($18.28) to GBX 1,535 ($20.04) and gave the stock a “hold” rating in a research note on Friday, July 14th. Peel Hunt lowered Close Brothers Group plc to a “hold” rating and set a GBX 1,600 ($20.89) target price on the stock. in a research note on Friday, May 19th. Macquarie lowered Close Brothers Group plc to an “underperform” rating and set a GBX 1,430 ($18.67) target price on the stock. in a research note on Tuesday, May 9th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,780 ($23.24) target price on shares of Close Brothers Group plc in a research note on Monday, May 22nd. Finally, Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,537.60 ($20.08).
Close Brothers Group plc (LON:CBG) traded up 1.73% on Friday, reaching GBX 1526.00. The company’s stock had a trading volume of 361,237 shares. 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 52-week low of GBX 1,216.00 and a 52-week high of GBX 1,715.00. The firm’s market cap is GBX 2.27 billion.
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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