Close Brothers Group’s (CBG) Hold Rating Reiterated at Liberum Capital

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating restated by Liberum Capital in a research report issued on Friday. They presently have a GBX 1,464 ($19.85) price objective on the stock. Liberum Capital’s target price would indicate a potential downside of 1.41% from the company’s previous close.

CBG has been the subject of several other research reports. Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a research note on Thursday, November 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,800 ($24.41) price target on shares of Close Brothers Group in a research note on Tuesday, October 3rd. Numis Securities reaffirmed a “hold” rating and set a GBX 1,575 ($21.36) price target on shares of Close Brothers Group in a research note on Tuesday, September 26th. Macquarie reaffirmed an “underperform” rating and set a GBX 1,138 ($15.43) price target on shares of Close Brothers Group in a research note on Thursday, November 23rd. Finally, Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and set a GBX 1,600 ($21.70) price target for the company in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,518.50 ($20.59).

Close Brothers Group (LON CBG) opened at GBX 1,485 ($20.14) on Friday. The stock has a market cap of $2,220.00 and a price-to-earnings ratio of 1,160.16. Close Brothers Group has a 52 week low of GBX 1,315 ($17.83) and a 52 week high of GBX 1,715 ($23.26).

In related news, insider Rebekah Etherington sold 779 shares of Close Brothers Group stock in a transaction on Monday, October 16th. The shares were sold at an average price of GBX 1,155 ($15.66), for a total transaction of £8,997.45 ($12,201.59). Insiders have purchased 42 shares of company stock valued at $59,208 in the last three months.

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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.

Analyst Recommendations for Close Brothers Group (LON:CBG)

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