Close Brothers Group plc (CBG) Receives GBX 1,539.55 Average Price Target from Brokerages

Shares of Close Brothers Group plc (LON:CBG) have received a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,539.55 ($20.88).

A number of equities research analysts recently weighed in on CBG shares. Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a report on Thursday, November 16th. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and set a GBX 1,600 ($21.70) price target for the company in a report on Thursday, November 2nd. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,464 ($19.85) price target on shares of Close Brothers Group in a report on Thursday. Macquarie reaffirmed an “underperform” rating and set a GBX 1,138 ($15.43) price target on shares of Close Brothers Group in a report on Thursday, November 23rd. Finally, 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 report on Friday, November 17th.

Shares of Close Brothers Group (LON CBG) traded up GBX 4 ($0.05) on Friday, hitting GBX 1,601 ($21.71). The stock had a trading volume of 226,800 shares, compared to its average volume of 265,345. Close Brothers Group has a fifty-two week low of GBX 1,315 ($17.83) and a fifty-two week high of GBX 1,715 ($23.26). The firm has a market cap of $2,420.00 and a PE ratio of 1,250.78.

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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.

Analyst Recommendations for Close Brothers Group (LON:CBG)

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