Close Brothers Group’s (CBG) “Hold” Rating Reaffirmed at Peel Hunt

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Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports.

CBG has been the topic of several other research reports. Numis Securities restated a “hold” rating and set a GBX 1,618 ($21.14) price objective on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Royal Bank of Canada restated a “sector performer” rating and set a GBX 1,500 ($19.60) price objective on shares of Close Brothers Group in a research note on Thursday, June 20th. Shore Capital cut their price objective on Close Brothers Group from GBX 1,635 ($21.36) to GBX 1,610 ($21.04) and set a “hold” rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. cut their price objective on Close Brothers Group from GBX 1,700 ($22.21) to GBX 1,650 ($21.56) and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Investec cut Close Brothers Group to a “hold” rating and upped their price objective for the company from GBX 1,425 ($18.62) to GBX 1,430 ($18.69) in a research note on Friday, May 24th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,551.44 ($20.27).

Shares of LON CBG opened at GBX 1,298 ($16.96) on Wednesday. The stock’s 50 day moving average price is GBX 1,352.56 and its two-hundred day moving average price is GBX 1,446.46. Close Brothers Group has a 52-week low of GBX 1,209 ($15.80) and a 52-week high of GBX 1,682 ($21.98). The stock has a market capitalization of $1.97 billion and a P/E ratio of 9.73.

In other Close Brothers Group news, insider Elizabeth Lee acquired 127 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average cost of GBX 1,413 ($18.46) per share, with a total value of £1,794.51 ($2,344.85).

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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