Peel Hunt Reaffirms Hold Rating for Close Brothers Group (LON:CBG)

Peel Hunt reaffirmed their hold rating on shares of Close Brothers Group (LON:CBG) in a research note released on Monday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group decreased their target price on shares of Chemours from $48.00 to $30.00 and set a buy rating for the company in a research note on Monday, June 10th. Shore Capital restated a house stock rating on shares of in a research note on Wednesday, June 5th. Royal Bank of Canada reduced their price objective on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating for the company in a research note on Thursday, June 20th. Investec upgraded Britvic to a buy rating and upped their price objective for the stock from GBX 875 ($11.43) to GBX 1,025 ($13.39) in a research note on Friday, May 24th. Finally, Numis Securities restated a hold rating and issued a GBX 1,618 ($21.14) price objective on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 1,567.25 ($20.48).

LON CBG opened at GBX 1,438 ($18.79) on Monday. The firm has a market capitalization of $2.18 billion and a price-to-earnings ratio of 10.78. The stock’s 50-day simple moving average is GBX 1,420.92. Close Brothers Group has a one year low of GBX 1,349 ($17.63) and a one year high of GBX 1,682 ($21.98).

In related news, insider Elizabeth Lee acquired 127 shares of Close Brothers Group stock in a transaction dated Wednesday, June 5th. The stock was purchased at an average cost of GBX 1,413 ($18.46) per share, for a total transaction of £1,794.51 ($2,344.85).

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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