Close Brothers Group (CBG) PT Lowered to GBX 1,500 at Berenberg Bank
Close Brothers Group (LON:CBG) had its price objective lowered by equities researchers at Berenberg Bank from GBX 1,510 ($19.73) to GBX 1,500 ($19.60) in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential downside of 0.07% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Numis Securities restated a “hold” rating and set a GBX 1,654 ($21.61) price target on shares of Close Brothers Group in a report on Tuesday. Shore Capital upped their price target on shares of Close Brothers Group from GBX 1,600 ($20.91) to GBX 1,605 ($20.97) and gave the company a “hold” rating in a report on Tuesday. Peel Hunt restated a “hold” rating on shares of Close Brothers Group in a report on Monday. UBS Group restated a “neutral” rating and set a GBX 1,565 ($20.45) price target (down from GBX 1,570 ($20.51)) on shares of Close Brothers Group in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Close Brothers Group from GBX 1,800 ($23.52) to GBX 1,700 ($22.21) and set an “overweight” rating for the company in a report on Monday, January 21st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,608.63 ($21.02).
CBG stock opened at GBX 1,501 ($19.61) on Friday. Close Brothers Group has a 52-week low of GBX 1,387 ($18.12) and a 52-week high of GBX 1,682 ($21.98). The stock has a market cap of $2.25 billion and a price-to-earnings ratio of 11.22.
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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