Liberum Capital Reaffirms Hold Rating for Close Brothers Group (CBG)
Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reissued by research analysts at Liberum Capital in a research note issued on Friday. They currently have a GBX 1,464 ($19.85) target price on the stock. Liberum Capital’s target price would indicate a potential downside of 2.33% from the company’s current price.
Several other research analysts have also weighed in on CBG. Numis Securities reiterated a “hold” rating and set a GBX 1,575 ($21.36) target price on shares of Close Brothers Group in a report on Tuesday, September 26th. Peel Hunt reissued a “hold” rating and issued a GBX 1,600 ($21.70) price target on shares of Close Brothers Group in a research note on Tuesday, September 26th. Shore Capital reissued a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, September 26th. Barclays dropped their price target on Close Brothers Group from GBX 1,550 ($21.02) to GBX 1,450 ($19.66) and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,800 ($24.41) price target on shares of Close Brothers Group in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Close Brothers Group presently has a consensus rating of “Hold” and a consensus target price of GBX 1,518.50 ($20.59).
Close Brothers Group (CBG) traded up GBX 25 ($0.34) during mid-day trading on Friday, reaching GBX 1,499 ($20.33). The company’s stock had a trading volume of 250,535 shares, compared to its average volume of 317,583. The company has a market capitalization of $2,270.00 and a price-to-earnings ratio of 1,171.09. Close Brothers Group has a 52-week low of GBX 1,315 ($17.83) and a 52-week high of GBX 1,715 ($23.26).
Close Brothers Group 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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