Close Brothers Group (LON:CBG) PT Lowered to GBX 1,450

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Close Brothers Group (LON:CBG) had its price target lowered by investment analysts at Royal Bank of Canada from GBX 1,500 ($19.73) to GBX 1,450 ($19.07) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has a “sector performer” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 0.34% from the company’s current price.

CBG has been the topic of a number of other research reports. Peel Hunt reaffirmed a “hold” rating on shares of Close Brothers Group in a report on Wednesday, January 22nd. Citigroup cut Close Brothers Group to a “sell” rating and boosted their price target for the stock from GBX 1,360 ($17.89) to GBX 1,470 ($19.34) in a report on Tuesday, December 17th. Investec cut Close Brothers Group to a “sell” rating and boosted their price target for the stock from GBX 1,415 ($18.61) to GBX 1,420 ($18.68) in a report on Tuesday, December 17th. Berenberg Bank dropped their price objective on Close Brothers Group from GBX 1,460 ($19.21) to GBX 1,410 ($18.55) and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Shore Capital restated a “hold” rating on shares of Close Brothers Group in a research report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,466.09 ($19.29).

Shares of CBG opened at GBX 1,455 ($19.14) on Tuesday. Close Brothers Group has a one year low of GBX 1,209 ($15.90) and a one year high of GBX 1,663 ($21.88). The company has a market cap of $2.19 billion and a P/E ratio of 10.92. The firm has a 50 day simple moving average of GBX 1,584.54 and a two-hundred day simple moving average of GBX 1,430.64.

In related news, insider Preben Prebensen sold 150,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of GBX 1,443 ($18.98), for a total transaction of £2,164,500 ($2,847,277.03). Over the last 90 days, insiders have purchased 30 shares of company stock valued at $44,757.

About Close Brothers Group

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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