Close Brothers Group (LON:CBG) was downgraded by Peel Hunt to a “hold” rating in a research note issued to investors on Tuesday. They currently have a GBX 1,600 ($22.11) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 2.17% from the stock’s current price.
Other research analysts have also issued research reports about the company. Berenberg Bank initiated coverage on Close Brothers Group in a report on Wednesday, November 29th. They set a “buy” rating and a GBX 1,515 ($20.93) target price for the company. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,750 ($24.18) target price on shares of Close Brothers Group in a report on Thursday, January 25th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,464 ($20.23) target price on shares of Close Brothers Group in a report on Friday. Numis Securities reaffirmed a “hold” rating and set a GBX 1,575 ($21.76) target price on shares of Close Brothers Group in a report on Thursday, January 25th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,543.50 ($21.32).
Close Brothers Group (LON:CBG) opened at GBX 1,566 ($21.64) on Tuesday. The firm has a market capitalization of $2,380.00 and a PE ratio of 1,223.44. Close Brothers Group has a twelve month low of GBX 1,315 ($18.17) and a twelve month high of GBX 1,715 ($23.69).
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About Close Brothers Group
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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