Close Brothers Group (CBG) Rating Reiterated by Liberum Capital
Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reiterated by equities researchers at Liberum Capital in a report issued on Friday. They presently have a GBX 1,464 ($19.70) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 3.68% from the stock’s current price.
A number of other brokerages have also commented on CBG. Jefferies Group reiterated a “hold” rating and issued a GBX 1,543 ($20.77) price objective (up from GBX 1,506 ($20.27)) on shares of Close Brothers Group in a research report on Thursday, September 28th. Peel Hunt restated a “buy” rating and set a GBX 1,600 ($21.53) target price on shares of Close Brothers Group in a research report on Thursday, November 23rd. Berenberg Bank began coverage on Close Brothers Group in a research report on Wednesday, November 29th. They set a “buy” rating and a GBX 1,515 ($20.39) target price for the company. Barclays decreased their target price on Close Brothers Group from GBX 1,550 ($20.86) to GBX 1,450 ($19.52) and set an “equal weight” rating for the company in a research report on Wednesday, September 27th. Finally, Shore Capital restated a “hold” rating on shares of Close Brothers Group in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Close Brothers Group presently has a consensus rating of “Hold” and an average target price of GBX 1,518.50 ($20.44).
Shares of Close Brothers Group (LON:CBG) traded up GBX 21.47 ($0.29) during mid-day trading on Friday, reaching GBX 1,412 ($19.00). The company had a trading volume of 326,826 shares, compared to its average volume of 421,353. Close Brothers Group has a 1 year low of GBX 1,315 ($17.70) and a 1 year high of GBX 1,715 ($23.08).
In other news, insider Rebekah Etherington sold 19,477 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of GBX 1,474 ($19.84), for a total transaction of £287,090.98 ($386,394.32). Also, insider Jonathan Howell sold 17,363 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.76), for a total value of £254,888.84 ($343,053.62). Over the last 90 days, insiders have bought 42 shares of company stock valued at $59,318 and have sold 37,619 shares valued at $55,097,727.
About Close Brothers Group
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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