Close Brothers Group (CBG) Earns Buy Rating from Peel Hunt
Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research report issued to clients and investors on Friday, January 5th. They presently have a GBX 1,600 ($22.47) price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 0.44% from the stock’s current price.
A number of other equities analysts also recently commented on CBG. Numis Securities reissued a “hold” rating and issued a GBX 1,575 ($22.12) price objective on shares of Close Brothers Group in a research note on Tuesday, September 26th. Shore Capital reissued a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, September 26th. Liberum Capital reissued a “hold” rating and issued a GBX 1,535 ($21.56) price objective on shares of Close Brothers Group in a research note on Tuesday, September 26th. Barclays reduced their price target on Close Brothers Group from GBX 1,550 ($21.77) to GBX 1,450 ($20.36) and set an “equal weight” rating on the stock in a research report on Wednesday, September 27th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,800 ($25.28) price target on shares of Close Brothers Group in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,539.55 ($21.62).
Shares of Close Brothers Group (CBG) traded down GBX 4 ($0.06) during trading hours on Friday, reaching GBX 1,593 ($22.37). 350,630 shares of the company were exchanged, compared to its average volume of 265,345. The company has a market capitalization of $2,410.00 and a P/E ratio of 1,244.53. Close Brothers Group has a 52 week low of GBX 1,315 ($18.47) and a 52 week high of GBX 1,715 ($24.08).
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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