Close Brothers Group plc (CBG) Rating Reiterated by Liberum Capital
Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reiterated by equities research analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They presently have a GBX 1,535 ($20.64) price objective on the stock. Liberum Capital’s price target indicates a potential upside of 1.05% from the stock’s previous close.
A number of other analysts have also weighed in on CBG. Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a research note on Tuesday. Peel Hunt restated a “hold” rating and issued a GBX 1,600 ($21.52) target price on shares of Close Brothers Group plc in a research note on Tuesday. Numis Securities Ltd restated a “hold” rating and issued a GBX 1,575 ($21.18) target price on shares of Close Brothers Group plc in a research note on Tuesday. Barclays PLC restated an “equal weight” rating and issued a GBX 1,550 ($20.84) target price on shares of Close Brothers Group plc in a research note on Monday, July 24th. Finally, J P Morgan Chase & Co raised their target price on Close Brothers Group plc from GBX 1,780 ($23.94) to GBX 1,800 ($24.21) and gave the company an “overweight” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,539.60 ($20.70).
Shares of Close Brothers Group plc (CBG) opened at 1444.00 on Tuesday. The company has a 50-day moving average of GBX 1,534.97 and a 200 day moving average of GBX 1,560.35. The firm’s market cap is GBX 2.15 billion. Close Brothers Group plc has a 12-month low of GBX 1,222.00 and a 12-month high of GBX 1,715.00.
About Close Brothers Group plc
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.
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