Close Brothers Group’s (CBG) “Hold” Rating Reiterated at Liberum Capital
Liberum Capital restated their hold rating on shares of Close Brothers Group (LON:CBG) in a research report sent to investors on Friday. Liberum Capital currently has a GBX 1,464 ($19.85) target price on the stock.
Several other research analysts have also recently commented on the company. Royal Bank of Canada raised Close Brothers Group to an outperform rating and set a GBX 1,600 ($21.70) target price for the company in a research report on Thursday, November 2nd. Peel Hunt raised Close Brothers Group to a buy rating and set a GBX 1,600 ($21.70) target price for the company in a research report on Thursday, November 16th. Macquarie reaffirmed an underperform rating and issued a GBX 1,138 ($15.43) target price on shares of Close Brothers Group in a research report on Thursday, November 23rd. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 1,800 ($24.41) target price on shares of Close Brothers Group in a research report on Friday, November 17th. Finally, Berenberg Bank started coverage on Close Brothers Group in a research report on Wednesday, November 29th. They issued a buy rating and a GBX 1,515 ($20.55) target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Close Brothers Group currently has a consensus rating of Hold and an average target price of GBX 1,518.50 ($20.59).
Shares of Close Brothers Group (LON:CBG) traded up GBX 25 ($0.34) during mid-day trading on Friday, reaching GBX 1,499 ($20.33). The company had a trading volume of 250,535 shares, compared to its average volume of 317,583. The company has a market capitalization of $2,270.00 and a PE ratio of 1,171.09. 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).
In other Close Brothers Group news, insider Rebekah Etherington sold 779 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.66), for a total transaction of £8,997.45 ($12,201.59). Insiders have acquired 42 shares of company stock valued at $59,208 over the last quarter.
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About Close Brothers Group
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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