Close Brothers Group plc (CBG) Stock Rating Reaffirmed by Macquarie
Close Brothers Group plc (LON:CBG)‘s stock had its “underperform” rating reaffirmed by equities researchers at Macquarie in a research note issued on Thursday. They presently have a GBX 1,138 ($14.97) target price on the stock. Macquarie’s price target points to a potential downside of 17.54% from the stock’s current price.
Several other research analysts have also recently weighed in on the company. Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a research note on Thursday, November 16th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($23.67) price target on shares of Close Brothers Group plc in a research note on Tuesday, October 3rd. Numis Securities Ltd restated a “hold” rating and issued a GBX 1,575 ($20.72) price target on shares of Close Brothers Group plc in a research note on Tuesday, September 26th. Liberum Capital restated a “hold” rating and issued a GBX 1,535 ($20.19) price target on shares of Close Brothers Group plc in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada upgraded Close Brothers Group plc to an “outperform” rating and set a GBX 1,600 ($21.04) price target for the company in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,518.89 ($19.98).
Close Brothers Group plc (LON:CBG) traded down GBX 20 ($0.26) during trading on Thursday, reaching GBX 1,380 ($18.15). The company’s stock had a trading volume of 240,064 shares, compared to its average volume of 445,221. Close Brothers Group plc has a twelve month low of GBX 1,315 ($17.30) and a twelve month high of GBX 1,715 ($22.56).
Close Brothers Group plc (LON:CBG) last released its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). Close Brothers Group plc had a return on equity of 15.84% and a net margin of 22.76%. The business had revenue of £765.60 million for the quarter.
In related news, insider Rebekah Etherington sold 779 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.19), for a total transaction of £8,997.45 ($11,834.08). Also, insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.31), for a total value of £254,888.84 ($335,247.72). In the last 90 days, insiders bought 31 shares of company stock valued at $45,225 and sold 37,619 shares valued at $55,097,727.
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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