Numis Securities Reaffirms “Hold” Rating for Close Brothers Group (CBG)

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 1,618 ($21.14) target price on the stock. Numis Securities’ target price points to a potential upside of 16.40% from the stock’s previous close.

A number of other research firms have also commented on CBG. Royal Bank of Canada began coverage on shares of Close Brothers Group in a research report on Tuesday, April 23rd. They issued a “sector performer” rating and a GBX 1,500 ($19.60) price objective for the company. Shore Capital cut their price objective on shares of Close Brothers Group from GBX 1,665 ($21.76) to GBX 1,600 ($20.91) and set a “hold” rating for the company in a research report on Tuesday, January 22nd. Peel Hunt restated a “hold” rating on shares of Close Brothers Group in a research report on Tuesday, January 22nd. Jefferies Financial Group raised their price objective on shares of Close Brothers Group from GBX 1,543 ($20.16) to GBX 1,579 ($20.63) and gave the company a “hold” rating in a research report on Tuesday, April 9th. Finally, Berenberg Bank cut their price objective on shares of Close Brothers Group from GBX 1,510 ($19.73) to GBX 1,500 ($19.60) and set a “hold” rating for the company in a research report on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,585.29 ($20.71).

CBG stock opened at GBX 1,390 ($18.16) on Wednesday. Close Brothers Group has a 12 month low of GBX 1,387 ($18.12) and a 12 month high of GBX 1,682 ($21.98). The company has a market capitalization of $2.09 billion and a PE ratio of 10.42.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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