Close Brothers Group plc (CBG) Given Consensus Rating of “Hold” by Brokerages
Close Brothers Group plc (LON:CBG) has been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the company, MarketBeat reports. 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. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 1,539.60 ($19.91).
A number of equities research analysts have recently weighed in on CBG shares. Numis Securities Ltd lowered shares of Close Brothers Group plc to a “hold” rating and reduced their price objective for the company from GBX 1,779 ($23.01) to GBX 1,557 ($20.14) in a report on Monday, July 3rd. Barclays PLC restated an “equal weight” rating and issued a GBX 1,550 ($20.05) price objective on shares of Close Brothers Group plc in a report on Monday, July 24th. Liberum Capital raised their price objective on shares of Close Brothers Group plc from GBX 1,400 ($18.11) to GBX 1,535 ($19.85) and gave the company a “hold” rating in a report on Friday, July 14th. Peel Hunt lowered shares of Close Brothers Group plc to a “hold” rating and set a GBX 1,600 ($20.69) price objective on the stock. in a report on Friday, May 19th. Finally, J P Morgan Chase & Co raised their price objective on shares of Close Brothers Group plc from GBX 1,780 ($23.02) to GBX 1,800 ($23.28) and gave the company an “overweight” rating in a report on Monday, July 24th.
Close Brothers Group plc (LON CBG) traded down 1.36% on Tuesday, hitting GBX 1523.00. The company’s stock had a trading volume of 180,606 shares. The firm has a 50 day moving average of GBX 1,518.78 and a 200 day moving average of GBX 1,555.40. Close Brothers Group plc has a 12 month low of GBX 1,222.00 and a 12 month high of GBX 1,715.00. The firm’s market cap is GBX 2.26 billion.
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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