Jefferies Financial Group reaffirmed their hold rating on shares of Close Brothers Group (LON:CBG) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently issued reports on CBG. Numis Securities restated a hold rating and set a GBX 1,618 ($21.14) target price on shares of Close Brothers Group in a report on Wednesday, May 22nd. Investec cut Close Brothers Group to a hold rating and raised their target price for the stock from GBX 1,425 ($18.62) to GBX 1,430 ($18.69) in a report on Friday, May 24th. Royal Bank of Canada restated a sector performer rating and set a GBX 1,500 ($19.60) target price (up previously from GBX 1,450 ($18.95)) on shares of Close Brothers Group in a report on Thursday, August 29th. Shore Capital reduced their target price on Close Brothers Group from GBX 1,635 ($21.36) to GBX 1,610 ($21.04) and set a hold rating on the stock in a report on Friday, July 19th. Finally, Peel Hunt restated a hold rating on shares of Close Brothers Group in a report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,551.44 ($20.27).
Shares of CBG opened at GBX 1,391 ($18.18) on Monday. Close Brothers Group has a 1 year low of GBX 1,209 ($15.80) and a 1 year high of GBX 1,682 ($21.98). The stock has a market cap of $2.11 billion and a P/E ratio of 10.43. The stock’s 50-day moving average price is GBX 1,309.32 and its two-hundred day moving average price is GBX 1,431.69.
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.
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