Close Brothers Group plc (CBG) Receives GBX 1,539.55 Consensus Target Price from Analysts

Shares of Close Brothers Group plc (LON:CBG) have received an average rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,539.55 ($21.27).

Several equities analysts recently issued reports on CBG shares. Liberum Capital restated a “hold” rating and set a GBX 1,464 ($20.23) price target on shares of Close Brothers Group in a research report on Thursday, November 16th. Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and set a GBX 1,600 ($22.11) price objective for the company in a report on Thursday, November 2nd. Peel Hunt upgraded Close Brothers Group to a “buy” rating and set a GBX 1,600 ($22.11) price objective for the company in a report on Thursday, November 16th. Macquarie reiterated an “underperform” rating and issued a GBX 1,138 ($15.72) price objective on shares of Close Brothers Group in a report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,800 ($24.87) price objective on shares of Close Brothers Group in a report on Friday, November 17th.

Close Brothers Group (LON:CBG) traded up GBX 4 ($0.06) on Tuesday, reaching GBX 1,582 ($21.86). The company had a trading volume of 154,958 shares, compared to its average volume of 384,127. Close Brothers Group has a fifty-two week low of GBX 1,315 ($18.17) and a fifty-two week high of GBX 1,715 ($23.69). The company has a market cap of $2,400.00 and a price-to-earnings ratio of 1,235.94.

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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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