Close Brothers Group plc (LON:CBG) was downgraded by equities research analysts at Numis Securities Ltd to a “hold” rating in a research report issued on Tuesday. They presently have a GBX 1,551 ($20.25) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 9.92% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Citigroup Inc. reaffirmed a “buy” rating on shares of Close Brothers Group plc in a research note on Tuesday, September 13th. Royal Bank Of Canada reaffirmed a “sector performer” rating and set a GBX 1,400 ($18.27) price target on shares of Close Brothers Group plc in a research note on Friday. JPMorgan Chase & Co. cut their price target on Close Brothers Group plc from GBX 1,600 ($20.89) to GBX 1,400 ($18.27) and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Barclays PLC raised Close Brothers Group plc to an “overweight” rating and set a GBX 1,300 ($16.97) price target on the stock in a research note on Thursday, June 30th. Finally, Liberum Capital lowered Close Brothers Group plc to a “hold” rating and upped their price target for the company from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a research note on Thursday, August 18th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,453.67 ($18.97).
Shares of Close Brothers Group plc (LON:CBG) opened at 1417.00 on Tuesday. The firm’s market capitalization is GBX 2.10 billion. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,569.00. The stock’s 50 day moving average price is GBX 1,377.29 and its 200 day moving average price is GBX 1,266.82.
About Close Brothers Group plc
Close Brothers Group plc is a United Kingdom-based merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three divisions: banking, which provides a range of lending products to the United Kingdom small and medium enterprises (SMEs), as well as installment payment solutions to the United Kingdom retail borrowers; securities, which provides dealing and execution services to financial institutions through Winterflood, and asset management, which provides wealth management service for individuals, incorporating both financial planning advice and investment management.
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