Close Brothers Group plc (LON:CBG)‘s stock had its “overweight” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a report released on Tuesday. They currently have a GBX 1,800 ($23.88) target price on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 22.03% from the company’s previous close.

A number of other analysts have also issued reports on CBG. Peel Hunt reiterated a “hold” rating and set a GBX 1,600 ($21.22) price target on shares of Close Brothers Group plc in a research note on Tuesday, September 26th. Jefferies Group LLC restated a “hold” rating and set a GBX 1,543 ($20.47) target price (up from GBX 1,506 ($19.98)) on shares of Close Brothers Group plc in a research note on Thursday, September 28th. Barclays PLC cut their target price on shares of Close Brothers Group plc from GBX 1,550 ($20.56) to GBX 1,450 ($19.23) and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. Liberum Capital restated a “hold” rating and set a GBX 1,535 ($20.36) target price on shares of Close Brothers Group plc in a research note on Tuesday, September 26th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 1,575 ($20.89) target price on shares of Close Brothers Group plc in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,554.13 ($20.61).

Shares of Close Brothers Group plc (CBG) opened at 1476.00 on Tuesday. Close Brothers Group plc has a 12-month low of GBX 1,222.00 and a 12-month high of GBX 1,715.00. The company’s market capitalization is GBX 2.21 billion. The stock has a 50 day moving average of GBX 1,518.53 and a 200-day moving average of GBX 1,556.07.

Close Brothers Group plc (LON:CBG) last issued its quarterly earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.75) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 130.10 ($1.73) by GBX 1.60 ($0.02). The company had revenue of £765.60 million for the quarter. Close Brothers Group plc had a net margin of 23.84% and a return on equity of 17.25%. Analysts predict that Close Brothers Group plc will post $129.77 earnings per share for the current fiscal year.

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In related news, insider Rebekah Etherington sold 19,477 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of GBX 1,474 ($19.55), for a total value of £287,090.98 ($380,807.77). Also, insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.47), for a total value of £254,888.84 ($338,093.70).

About Close Brothers Group plc

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.

Analyst Recommendations for Close Brothers Group plc (LON:CBG)

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