Close Brothers Group plc (LON:CBG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,682 ($21.91) and last traded at GBX 1,600 ($20.84), with a volume of 441772 shares traded. The stock had previously closed at GBX 1,648 ($21.47).

Several brokerages recently issued reports on CBG. Peel Hunt restated a “hold” rating on shares of Close Brothers Group in a report on Tuesday. Numis Securities cut shares of Close Brothers Group to a “hold” rating and set a GBX 1,693 ($22.05) target price on the stock. in a report on Tuesday. Finally, Shore Capital restated a “hold” rating on shares of Close Brothers Group in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Close Brothers Group presently has an average rating of “Hold” and an average target price of GBX 1,561.30 ($20.34).

Close Brothers Group Company Profile (LON:CBG)

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals firms in the United Kingdom. It operates through five segments: Commercial Finance, Retail Finance, Property Finance, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

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