Close Brothers Group plc (CBG) Earns Buy Rating from Citigroup Inc.
Close Brothers Group plc (LON:CBG)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday.
Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Close Brothers Group plc from GBX 1,400 ($18.27) to GBX 1,500 ($19.58) and gave the company an “overweight” rating in a research note on Friday, July 22nd. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 1,551 ($20.25) price target on shares of Close Brothers Group plc in a report on Thursday, July 21st. 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 report on Tuesday, July 26th. Barclays PLC upped their price target on shares of Close Brothers Group plc from GBX 1,350 ($17.62) to GBX 1,400 ($18.27) and gave the company an “overweight” rating in a report on Tuesday, July 26th. Finally, Liberum Capital cut shares of Close Brothers Group plc to a “hold” rating and upped their price target for the company from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 1,441.33 ($18.81).
Close Brothers Group plc (LON:CBG) opened at 1422.581 on Tuesday. The stock’s 50 day moving average is GBX 1,355.89 and its 200-day moving average is GBX 1,265.18. The company’s market cap is GBX 2.11 billion. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,569.00.
In other news, insider Hodges,Stephen R purchased 40,000 shares of the company’s stock in a transaction on Monday, June 27th. The shares were purchased at an average cost of GBX 1,084 ($14.15) per share, with a total value of £433,600 ($565,983.55).
About Close Brothers Group plc
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.
Receive News & Ratings for Close Brothers Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Close Brothers Group plc and related companies with MarketBeat.com's FREE daily email newsletter.