Close Brothers Group plc (LON:CBG)‘s stock had its “add” rating reissued by equities researchers at Numis Securities Ltd in a note issued to investors on Friday. They presently have a GBX 1,629 ($19.65) price target on the stock. Numis Securities Ltd’s target price points to a potential upside of 13.76% from the company’s previous close.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Close Brothers Group plc from GBX 1,500 ($18.10) to GBX 1,575 ($19.00) and gave the company a ” overweight” rating in a report on Friday, September 30th. Peel Hunt downgraded Close Brothers Group plc to an “add” rating and set a GBX 1,600 ($19.30) target price for the company. in a report on Tuesday, September 27th. FinnCap restated a “buy” rating on shares of Close Brothers Group plc in a research report on Thursday, October 13th. Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a research report on Thursday, November 17th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 1,398 ($16.87) price target on shares of Close Brothers Group plc in a research report on Tuesday, September 27th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Close Brothers Group plc has a consensus rating of “Hold” and a consensus price target of GBX 1,484.60 ($17.91).
Close Brothers Group plc (LON:CBG) opened at 1449.00 on Friday. The stock has a 50 day moving average price of GBX 1,426.89 and a 200 day moving average price of GBX 1,345.27. Close Brothers Group plc has a 52-week low of GBX 975.00 and a 52-week high of GBX 1,494.00. The stock’s market cap is GBX 2.14 billion.
Close Brothers Group plc Company Profile
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.