Close Brothers Group (LON:CBG)‘s stock had its “hold” rating restated by analysts at Liberum Capital in a research note issued on Thursday. They currently have a GBX 1,464 ($19.85) price target on the stock. Liberum Capital’s price objective indicates a potential downside of 8.33% from the stock’s previous close.
CBG has been the subject of several other reports. Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a research note on Thursday, November 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,800 ($24.41) price target on shares of Close Brothers Group in a research note on Tuesday, October 3rd. Macquarie reaffirmed an “underperform” rating and set a GBX 1,138 ($15.43) price target on shares of Close Brothers Group in a research note on Thursday, November 23rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,600 ($21.70) price target on shares of Close Brothers Group in a research note on Thursday. Finally, Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and set a GBX 1,600 ($21.70) price objective for the company in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Close Brothers Group currently has a consensus rating of “Hold” and a consensus price target of GBX 1,539.55 ($20.88).
Shares of Close Brothers Group (CBG) traded up GBX 28 ($0.38) on Thursday, hitting GBX 1,597 ($21.66). 848,799 shares of the stock traded hands, compared to its average volume of 261,824. The company has a market cap of $2,420.00 and a PE ratio of 1,247.66. Close Brothers Group has a one year low of GBX 1,315 ($17.83) and a one year high of GBX 1,715 ($23.26).
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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