Shore Capital Cuts Close Brothers Group (LON:CBG) Price Target to GBX 1,610

Close Brothers Group (LON:CBG) had its price objective trimmed by Shore Capital from GBX 1,635 ($21.36) to GBX 1,610 ($21.04) in a research report report published on Friday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the stock.

Several other brokerages have also commented on CBG. Investec raised Britvic to a buy rating and raised their price objective for the company from GBX 875 ($11.43) to GBX 1,025 ($13.39) in a research report on Friday, May 24th. Peel Hunt reissued an under review rating on shares of Motif Bio in a research report on Monday, July 15th. Jefferies Financial Group lowered their price objective on Chemours from $48.00 to $30.00 and set a buy rating for the company in a research report on Monday, June 10th. Royal Bank of Canada lowered their price objective on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating for the company in a research report on Thursday, June 20th. Finally, Numis Securities reissued a hold rating and set a GBX 1,618 ($21.14) price objective on shares of Close Brothers Group in a research report on Wednesday, May 22nd. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,557 ($20.34).

LON CBG opened at GBX 1,400 ($18.29) on Friday. The company has a 50-day simple moving average of GBX 1,422.08. Close Brothers Group has a twelve month low of GBX 1,349 ($17.63) and a twelve month high of GBX 1,682 ($21.98). The company has a market capitalization of $2.12 billion and a PE ratio of 10.49.

In related news, insider Elizabeth Lee purchased 127 shares of the stock in a transaction dated Wednesday, June 5th. The stock was purchased at an average price of GBX 1,413 ($18.46) per share, with a total value of £1,794.51 ($2,344.85).

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

Further Reading: Net Margin

Analyst Recommendations for Close Brothers Group (LON:CBG)

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