Analysts’ Recent Ratings Changes for Close Brothers Group (CBG)

Several analysts have recently updated their ratings and price targets for Close Brothers Group (LON: CBG):

  • 3/15/2018 – Close Brothers Group had its price target lowered by analysts at Barclays PLC from GBX 1,570 ($21.69) to GBX 1,545 ($21.35). They now have an “equal weight” rating on the stock.
  • 3/14/2018 – Close Brothers Group had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 1,800 ($24.87) price target on the stock.
  • 3/13/2018 – Close Brothers Group was downgraded by analysts at Peel Hunt to a “hold” rating. They now have a GBX 1,600 ($22.11) price target on the stock.
  • 3/13/2018 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 3/13/2018 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 1,575 ($21.76) price target on the stock.
  • 3/9/2018 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,464 ($20.23) price target on the stock.
  • 1/25/2018 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 1,575 ($21.76) price target on the stock.
  • 1/25/2018 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,464 ($20.23) price target on the stock.
  • 1/25/2018 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 1/25/2018 – Close Brothers Group had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 1,750 ($24.18) price target on the stock.
  • 1/25/2018 – Close Brothers Group had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 1,600 ($22.11) price target on the stock.

Shares of Close Brothers Group plc (CBG) traded down GBX 38 ($0.53) during trading hours on Friday, reaching GBX 1,486 ($20.53). The company’s stock had a trading volume of 313,667 shares, compared to its average volume of 421,630. Close Brothers Group plc has a 12-month low of GBX 1,315 ($18.17) and a 12-month high of GBX 1,715 ($23.69). The firm has a market cap of $2,280.00 and a price-to-earnings ratio of 1,134.35.

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Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, March 13th. The company reported GBX 71.20 ($0.98) earnings per share for the quarter, beating the consensus estimate of GBX 68.50 ($0.95) by GBX 2.70 ($0.04). The business had revenue of £405.50 million for the quarter. Close Brothers Group had a return on equity of 15.84% and a net margin of 22.76%.

In other news, insider Elizabeth Lee sold 7,000 shares of Close Brothers Group stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of GBX 1,523 ($21.04), for a total value of £106,610 ($147,292.07). Insiders bought a total of 30 shares of company stock worth $45,470 over the last ninety days.

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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