Close Brothers Group (CBG) Given “Buy” Rating at Peel Hunt

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a report issued on Friday. They presently have a GBX 1,600 ($21.39) target price on the stock. Peel Hunt’s price target would suggest a potential upside of 9.97% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,464 ($19.57) price target on shares of Close Brothers Group in a research note on Friday, December 8th. Berenberg Bank began coverage on shares of Close Brothers Group in a research note on Wednesday, November 29th. They set a “buy” rating and a GBX 1,515 ($20.26) price target on the stock. Macquarie reaffirmed an “underperform” rating and set a GBX 1,138 ($15.22) price target on shares of Close Brothers Group in a research note on Thursday, November 23rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,800 ($24.07) price target on shares of Close Brothers Group in a research note on Friday, November 17th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,518.50 ($20.30).

Shares of Close Brothers Group (LON:CBG) opened at GBX 1,455 ($19.45) on Friday. The stock has a market cap of $2,200.00 and a price-to-earnings ratio of 1,136.72. Close Brothers Group has a 12 month low of GBX 1,315 ($17.58) and a 12 month high of GBX 1,715 ($22.93).

In other Close Brothers Group news, insider Rebekah Etherington sold 779 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of GBX 1,155 ($15.44), for a total transaction of £8,997.45 ($12,030.28). Insiders have acquired 32 shares of company stock worth $44,568 in the last quarter.

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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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