Analysts Set Close Brothers Group plc (CBG) PT at $1,518.50
Close Brothers Group plc (LON:CBG) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,518.50 ($20.30).
A number of equities research analysts have issued reports on CBG shares. Numis Securities reissued a “hold” rating and issued a GBX 1,575 ($21.06) price target on shares of Close Brothers Group in a report on Tuesday, September 26th. Peel Hunt reissued a “hold” rating and issued a GBX 1,600 ($21.39) price target on shares of Close Brothers Group in a report on Tuesday, September 26th. Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, September 26th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,535 ($20.52) target price on shares of Close Brothers Group in a research note on Tuesday, September 26th. Finally, Barclays cut their target price on shares of Close Brothers Group from GBX 1,550 ($20.72) to GBX 1,450 ($19.39) and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th.
In other news, insider Rebekah Etherington sold 779 shares of Close Brothers Group stock in a transaction dated Monday, October 16th. The shares were sold at an average price of GBX 1,155 ($15.44), for a total transaction of £8,997.45 ($12,030.28). Insiders have bought a total of 32 shares of company stock worth $44,568 in the last ninety days.
Close Brothers Group 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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