Close Brothers Group plc (LON:CBG) Price Target Raised to GBX 1,800
Close Brothers Group plc (LON:CBG) had its price objective increased by J P Morgan Chase & Co from GBX 1,780 ($23.11) to GBX 1,800 ($23.37) in a report issued on Monday, July 24th. The firm currently has an overweight rating on the stock.
Other analysts have also recently issued reports about the company. Numis Securities Ltd restated a hold rating and issued a GBX 1,575 ($20.45) target price on shares of Close Brothers Group plc in a report on Friday, July 21st. Shore Capital reiterated a hold rating on shares of Close Brothers Group plc in a report on Friday, May 19th. Peel Hunt reissued an add rating and set a GBX 1,600 ($20.77) target price on shares of Close Brothers Group plc in a research note on Monday, March 27th. Macquarie lowered Close Brothers Group plc to an underperform rating and set a GBX 1,430 ($18.56) target price on the stock. in a research note on Tuesday, May 9th. Finally, Liberum Capital reissued a hold rating and set a GBX 1,400 ($18.17) target price on shares of Close Brothers Group plc in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 1,539.60 ($19.99).
Close Brothers Group plc (LON CBG) traded down 0.52% during trading on Monday, hitting GBX 1522.00. 106,143 shares of the stock traded hands. Close Brothers Group plc has a 12 month low of GBX 1,222.00 and a 12 month high of GBX 1,715.00. The stock’s market cap is GBX 2.26 billion. The company has a 50-day moving average price of GBX 1,514.03 and a 200-day moving average price of GBX 1,551.60.
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Close Brothers Group plc Company Profile
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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