The Close Brothers Group plc (CBG) Earns “Add” Rating from Numis Securities Ltd

The Close Brothers Group plc (CBG) Earns “Add” Rating from Numis Securities Ltd

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.

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