Close Brothers Group (LON:CBG – Get Rating) had its target price cut by Royal Bank of Canada from GBX 1,250 ($15.23) to GBX 1,200 ($14.63) in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.
A number of other research analysts have also weighed in on CBG. Shore Capital reissued a buy rating on shares of Close Brothers Group in a research report on Tuesday, March 14th. Peel Hunt reaffirmed a hold rating and set a GBX 1,031 ($12.57) price objective on shares of Close Brothers Group in a research report on Tuesday, March 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Close Brothers Group from GBX 1,120 ($13.65) to GBX 950 ($11.58) and set an underweight rating for the company in a research report on Thursday, January 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Close Brothers Group currently has a consensus rating of Moderate Buy and a consensus target price of GBX 1,182.20 ($14.41).
Close Brothers Group Price Performance
Close Brothers Group stock opened at GBX 896 ($10.92) on Wednesday. The firm has a market cap of £1.35 billion, a price-to-earnings ratio of 814.55, a P/E/G ratio of 1.87 and a beta of 0.94. Close Brothers Group has a fifty-two week low of GBX 868 ($10.58) and a fifty-two week high of GBX 1,259 ($15.34). The firm has a fifty day moving average price of GBX 1,007.53 and a two-hundred day moving average price of GBX 1,016.
Close Brothers Group Cuts Dividend
Insider Activity at Close Brothers Group
In other Close Brothers Group news, insider Michael N. Biggs bought 1,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average price of GBX 920 ($11.21) per share, with a total value of £9,200 ($11,212.68). Insiders have acquired a total of 2,028 shares of company stock valued at $1,912,820 over the last quarter. 2.16% of the stock is owned by company insiders.
Close Brothers Group Company Profile
Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers various savings products, including personal and business savings, and pension deposits.
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