Brokerages Set Close Brothers Group plc (CBG) Price Target at $1,540.00
Close Brothers Group plc (LON:CBG) has earned an average rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,540 ($20.50).
Several equities research analysts have recently commented on CBG shares. Shore Capital restated a “hold” rating on shares of Close Brothers Group in a report on Tuesday, March 13th. Barclays cut their price objective on shares of Close Brothers Group from GBX 1,570 ($20.90) to GBX 1,545 ($20.57) and set an “equal weight” rating on the stock in a research report on Thursday, March 15th. Canaccord Genuity cut their price objective on shares of Close Brothers Group from GBX 1,750 ($23.30) to GBX 1,700 ($22.63) and set a “buy” rating on the stock in a research report on Monday, April 16th. Berenberg Bank downgraded shares of Close Brothers Group to a “hold” rating and lifted their price objective for the stock from GBX 1,515 ($20.17) to GBX 1,530 ($20.37) in a research report on Monday, March 19th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 1,575 ($20.97) price objective on shares of Close Brothers Group in a research report on Tuesday, March 13th.
Shares of Close Brothers Group traded up GBX 17 ($0.23), hitting GBX 1,486 ($19.78), during trading on Monday, Marketbeat Ratings reports. The stock had a trading volume of 306,151 shares, compared to its average volume of 422,969. Close Brothers Group has a 12 month low of GBX 1,315 ($17.51) and a 12 month high of GBX 1,715 ($22.83).
About Close Brothers Group
Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals firms in the United Kingdom. It operates through five segments: Commercial Finance, Retail Finance, Property Finance, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.
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