Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating restated by equities research analysts at Panmure Gordon in a note issued to investors on Tuesday. They currently have a GBX 1,500 ($19.58) price objective on the stock. Panmure Gordon’s price target suggests a potential upside of 6.31% from the stock’s previous close.
CBG has been the subject of several other research reports. Barclays PLC upgraded shares of Close Brothers Group plc to an “overweight” rating and set a GBX 1,300 ($16.97) price target for the company in a research report on Thursday, June 30th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,600 ($20.89) price target on shares of Close Brothers Group plc in a research report on Wednesday, July 20th. Royal Bank Of Canada reiterated a “sector performer” rating and issued a GBX 1,400 ($18.27) price target on shares of Close Brothers Group plc in a research report on Friday. Numis Securities Ltd reduced their price target on shares of Close Brothers Group plc from GBX 1,545 ($20.17) to GBX 1,540 ($20.10) and set an “add” rating for the company in a research report on Thursday, August 25th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,184 ($15.45) price target on shares of Close Brothers Group plc in a research report on Thursday, July 21st. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,453.67 ($18.97).
Shares of Close Brothers Group plc (LON:CBG) opened at 1413.00 on Tuesday. Close Brothers Group plc has a 12 month low of GBX 975.00 and a 12 month high of GBX 1,569.00. The stock has a 50 day moving average of GBX 1,377.29 and a 200 day moving average of GBX 1,266.82. The firm’s market cap is GBX 2.10 billion.
Close Brothers Group plc Company Profile
Close Brothers Group plc is a United Kingdom-based merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three divisions: banking, which provides a range of lending products to the United Kingdom small and medium enterprises (SMEs), as well as installment payment solutions to the United Kingdom retail borrowers; securities, which provides dealing and execution services to financial institutions through Winterflood, and asset management, which provides wealth management service for individuals, incorporating both financial planning advice and investment management.
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