Liberum Capital Reiterates “Hold” Rating for Close Brothers Group (CBG)
Close Brothers Group (LON:CBG)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a report issued on Friday. They presently have a GBX 1,464 ($19.70) price objective on the stock. Liberum Capital’s price objective points to a potential upside of 3.83% from the company’s previous close.
Several other research firms also recently issued reports on CBG. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,800 ($24.23) price objective on shares of Close Brothers Group in a research note on Wednesday, September 27th. Barclays decreased their price objective on shares of Close Brothers Group from GBX 1,550 ($20.86) to GBX 1,450 ($19.52) and set an “equal weight” rating for the company in a research note on Wednesday, September 27th. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, September 26th. Peel Hunt reiterated a “hold” rating and set a GBX 1,600 ($21.53) price objective on shares of Close Brothers Group in a research note on Tuesday, September 26th. Finally, Numis Securities restated a “hold” rating and issued a GBX 1,575 ($21.20) target price on shares of Close Brothers Group in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,518.50 ($20.44).
Shares of Close Brothers Group (CBG) traded up GBX 19.47 ($0.26) during mid-day trading on Friday, reaching GBX 1,410 ($18.98). 185,039 shares of the company traded hands, compared to its average volume of 421,353. Close Brothers Group has a 1 year low of GBX 1,315 ($17.70) and a 1 year high of GBX 1,715 ($23.08).
Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%. The company had revenue of £765.60 million during the quarter.
In other Close Brothers Group news, insider Jonathan Howell sold 17,363 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.76), for a total transaction of £254,888.84 ($343,053.62). Also, insider Rebekah Etherington sold 779 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of GBX 1,155 ($15.55), for a total transaction of £8,997.45 ($12,109.62). Over the last 90 days, insiders bought 42 shares of company stock valued at $59,318 and sold 37,619 shares valued at $55,097,727.
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Close Brothers Group Company Profile
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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