Close Brothers Group (LON:CBG) was upgraded by investment analysts at Peel Hunt to a “buy” rating in a research note issued to investors on Thursday, November 16th. The firm presently has a GBX 1,600 ($21.53) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 14.29% from the company’s previous close.
Other research analysts have also issued research reports about the company. Numis Securities reaffirmed a “hold” rating and set a GBX 1,575 ($21.20) price target on shares of Close Brothers Group in a research report on Friday, July 21st. Liberum Capital reduced their target price on Close Brothers Group from GBX 1,535 ($20.66) to GBX 1,464 ($19.70) and set a “hold” rating for the company in a research note on Friday, October 27th. J P Morgan Chase & Co lifted their target price on Close Brothers Group from GBX 1,780 ($23.96) to GBX 1,800 ($24.23) and gave the stock an “overweight” rating in a research note on Monday, July 24th. Barclays reduced their target price on Close Brothers Group from GBX 1,550 ($20.86) to GBX 1,450 ($19.52) and set an “equal weight” rating for the company in a research note on Wednesday, September 27th. Finally, Shore Capital reiterated a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Close Brothers Group currently has a consensus rating of “Hold” and an average price target of GBX 1,518.50 ($20.44).
Shares of Close Brothers Group (CBG) traded down GBX 1 ($0.01) during trading on Thursday, reaching GBX 1,400 ($18.84). The company had a trading volume of 458,655 shares, compared to its average volume of 470,236. Close Brothers Group has a 1-year low of GBX 1,315 ($17.70) and a 1-year high of GBX 1,715 ($23.08).
Close Brothers Group (LON:CBG) last announced its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). Close Brothers Group had a return on equity of 15.84% and a net margin of 22.76%. The business had revenue of £765.60 million for the quarter.
In other Close Brothers Group news, insider Rebekah Etherington sold 779 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.55), for a total value of £8,997.45 ($12,109.62). Also, insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.76), for a total value of £254,888.84 ($343,053.62). In the last three months, insiders have bought 41 shares of company stock valued at $59,235 and have sold 37,619 shares valued at $55,097,727.
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About Close Brothers Group
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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