Close Brothers Group plc’s (CBG) “Underperform” Rating Reaffirmed at Macquarie
Close Brothers Group plc (LON:CBG)‘s stock had its “underperform” rating reaffirmed by investment analysts at Macquarie in a research report issued on Thursday. They presently have a GBX 1,138 ($14.97) price objective on the stock. Macquarie’s target price points to a potential downside of 18.71% from the company’s current price.
Other equities analysts have also issued reports about the company. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,800 ($23.67) price objective on shares of Close Brothers Group plc in a report on Wednesday, September 27th. Barclays PLC decreased their price objective on Close Brothers Group plc from GBX 1,550 ($20.39) to GBX 1,450 ($19.07) and set an “equal weight” rating for the company in a report on Wednesday, September 27th. Shore Capital reissued a “hold” rating on shares of Close Brothers Group plc in a report on Tuesday, September 26th. Peel Hunt reissued a “hold” rating and issued a GBX 1,600 ($21.04) price objective on shares of Close Brothers Group plc in a report on Tuesday, September 26th. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,575 ($20.72) price objective on shares of Close Brothers Group plc in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,518.89 ($19.98).
Close Brothers Group plc (LON:CBG) opened at GBX 1,400 ($18.41) on Thursday. Close Brothers Group plc has a fifty-two week low of GBX 1,315 ($17.30) and a fifty-two week high of GBX 1,715 ($22.56).
Close Brothers Group plc (LON:CBG) last posted its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). The company had revenue of £765.60 million during the quarter. Close Brothers Group plc had a return on equity of 15.84% and a net margin of 22.76%.
In other Close Brothers Group plc news, insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.31), for a total value of £254,888.84 ($335,247.72). Also, insider Rebekah Etherington sold 779 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.19), for a total value of £8,997.45 ($11,834.08). Over the last 90 days, insiders acquired 31 shares of company stock valued at $45,225 and sold 37,619 shares valued at $55,097,727.
Close Brothers Group plc 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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