Liberum Capital Reiterates “Hold” Rating for Close Brothers Group (CBG)

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reissued by Liberum Capital in a research note issued on Friday. They currently have a GBX 1,464 ($19.70) price target on the stock. Liberum Capital’s target price indicates a potential upside of 3.68% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Close Brothers Group in a research report on Wednesday, November 29th. They set a “buy” rating and a GBX 1,515 ($20.39) price objective on the stock. Peel Hunt restated a “buy” rating and issued a GBX 1,600 ($21.53) price target on shares of Close Brothers Group in a research report on Thursday, November 23rd. Macquarie restated an “underperform” rating and issued a GBX 1,138 ($15.32) price target on shares of Close Brothers Group in a research report on Thursday, November 23rd. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($24.23) price target on shares of Close Brothers Group in a research report on Friday, November 17th. Finally, Shore Capital restated a “hold” rating on shares of Close Brothers Group in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,518.50 ($20.44).

Shares of Close Brothers Group (CBG) opened at GBX 1,412 ($19.00) on Friday. Close Brothers Group has a 1 year low of GBX 1,315 ($17.70) and a 1 year high of GBX 1,715 ($23.08).

Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). The firm had revenue of £765.60 million for the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.

In other Close Brothers Group news, insider Rebekah Etherington sold 19,477 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of GBX 1,474 ($19.84), for a total transaction of £287,090.98 ($386,394.32). Also, insider Jonathan Howell sold 17,363 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.76), for a total transaction of £254,888.84 ($343,053.62). In the last quarter, insiders have acquired 42 shares of company stock worth $59,318 and have sold 37,619 shares worth $55,097,727.

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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.

Analyst Recommendations for Close Brothers Group (LON:CBG)

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