Close Brothers Group (CBG) Stock Rating Reaffirmed by Numis Securities

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reiterated by equities researchers at Numis Securities in a report issued on Thursday. They currently have a GBX 1,575 ($21.36) price objective on the stock. Numis Securities’ target price would indicate a potential downside of 1.38% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Liberum Capital restated a “hold” rating and issued a GBX 1,464 ($19.85) price objective on shares of Close Brothers Group in a report on Thursday, November 23rd. Peel Hunt restated a “buy” rating and issued a GBX 1,600 ($21.70) price objective on shares of Close Brothers Group in a report on Thursday. Barclays decreased their price objective on shares of 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 report on Wednesday, September 27th. Shore Capital restated a “hold” rating on shares of Close Brothers Group in a report on Thursday. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,800 ($24.41) price objective on shares of Close Brothers Group in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Close Brothers Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,539.55 ($20.88).

Shares of Close Brothers Group (LON CBG) traded up GBX 28 ($0.38) during mid-day trading on Thursday, hitting GBX 1,597 ($21.66). 848,799 shares of the stock traded hands, compared to its average volume of 261,824. 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). The firm has a market cap of $2,420.00 and a price-to-earnings ratio of 1,247.66.

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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.

Analyst Recommendations for Close Brothers Group (LON:CBG)

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