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.

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