Close Brothers Group plc’s (CBG) “Sector Performer” Rating Reaffirmed at Royal Bank Of Canada

Close Brothers Group plc (LON:CBG)‘s stock had its “sector performer” rating reaffirmed by Royal Bank Of Canada in a research note issued to investors on Friday. They presently have a GBX 1,400 ($18.27) price objective on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 1.96% from the company’s previous close.

A number of other analysts also recently 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. JPMorgan Chase & Co. dropped their target price on Close Brothers Group plc from GBX 1,600 ($20.89) to GBX 1,400 ($18.27) and set an “overweight” rating for the company in a report on Wednesday, June 29th. Barclays PLC upgraded Close Brothers Group plc to an “overweight” rating and set a GBX 1,300 ($16.97) target price for the company in a report on Thursday, June 30th. Liberum Capital cut Close Brothers Group plc to a “hold” rating and lifted their target price for the stock from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a report on Thursday, August 18th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 1,551 ($20.25) target price on shares of Close Brothers Group plc in a report on Wednesday, August 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Close Brothers Group plc presently has a consensus rating of “Hold” and an average price target of GBX 1,452.44 ($18.96).

Close Brothers Group plc (LON:CBG) opened at 1407.00 on Friday. The firm’s market cap is GBX 2.09 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 company’s 50-day moving average is GBX 1,365.97 and its 200-day moving average is GBX 1,266.58.

In other news, insider Hodges,Stephen R bought 40,000 shares of the firm’s stock in a transaction on Monday, June 27th. The stock was acquired at an average cost of GBX 1,084 ($14.15) per share, with a total value of £433,600 ($565,983.55).

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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