Close Brothers Group plc (LON:CBG) Price Target Increased to GBX 1,800 by Analysts at J P Morgan Chase & Co
Close Brothers Group plc (LON:CBG) had its target price boosted by analysts at J P Morgan Chase & Co from GBX 1,780 ($23.19) to GBX 1,800 ($23.45) in a research note issued on Monday. The firm currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 20.40% from the stock’s current price.
A number of other brokerages have also weighed in on CBG. Liberum Capital upped their target price on Close Brothers Group plc from GBX 1,400 ($18.24) to GBX 1,535 ($20.00) and gave the stock a “hold” rating in a research note on Friday, July 14th. Numis Securities Ltd lowered Close Brothers Group plc to a “hold” rating and decreased their target price for the stock from GBX 1,779 ($23.18) to GBX 1,557 ($20.28) in a research note on Monday, July 3rd. Peel Hunt lowered Close Brothers Group plc to a “hold” rating and set a GBX 1,600 ($20.84) target price on the stock. in a research note on Friday, May 19th. Barclays PLC restated an “equal weight” rating and issued a GBX 1,550 ($20.19) target price on shares of Close Brothers Group plc in a research note on Monday. Finally, Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,539.60 ($20.06).
Shares of Close Brothers Group plc (CBG) traded down 1.05% on Monday, hitting GBX 1510.00. The company had a trading volume of 416,357 shares. Close Brothers Group plc has a 1-year low of GBX 1,125.00 and a 1-year high of GBX 1,715.00. The company has a 50 day moving average price of GBX 1,523.90 and a 200 day moving average price of GBX 1,540.01. The firm’s market capitalization is GBX 2.24 billion.
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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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