Close Brothers Group (CBG) Rating Reiterated by Liberum Capital
Several other research firms have also recently issued reports on CBG. Jefferies Group reissued a hold rating and issued a GBX 1,543 ($20.92) price objective (up from GBX 1,506 ($20.42)) on shares of Close Brothers Group in a research report on Thursday, September 28th. Peel Hunt reissued a buy rating and issued a GBX 1,600 ($21.70) price objective on shares of Close Brothers Group in a research report on Friday, January 5th. Berenberg Bank started coverage on shares of Close Brothers Group in a research report on Wednesday, November 29th. They issued a buy rating and a GBX 1,515 ($20.55) price objective for the company. Barclays lowered their price objective on shares of Close Brothers Group from GBX 1,550 ($21.02) to GBX 1,450 ($19.66) and set an equal weight rating for the company in a research report on Wednesday, September 27th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,800 ($24.41) price objective on shares of Close Brothers Group in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,539.55 ($20.88).
Shares of Close Brothers Group (CBG) opened at GBX 1,597 ($21.66) on Thursday. The stock has a market cap of $2,420.00 and a PE ratio of 1,247.66. Close Brothers Group has a 52-week low of GBX 1,315 ($17.83) and a 52-week high of GBX 1,715 ($23.26).
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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