Close Brothers Group plc (CBG) Rating Reiterated by Numis Securities Ltd
Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reaffirmed by investment analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 1,575 ($21.18) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 10.22% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Barclays PLC restated an “equal weight” rating and issued a GBX 1,550 ($20.84) target price on shares of Close Brothers Group plc in a research note on Monday, July 24th. Peel Hunt restated a “hold” rating and issued a GBX 1,600 ($21.52) target price on shares of Close Brothers Group plc in a research note on Friday, July 21st. Liberum Capital raised their target price on Close Brothers Group plc from GBX 1,400 ($18.83) to GBX 1,535 ($20.64) and gave the stock a “hold” rating in a research note on Friday, July 14th. Finally, J P Morgan Chase & Co raised their target price on Close Brothers Group plc from GBX 1,780 ($23.94) to GBX 1,800 ($24.21) and gave the stock an “overweight” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,532.89 ($20.61).
Shares of Close Brothers Group plc (LON CBG) opened at 1461.00 on Tuesday. The stock’s market cap is GBX 2.17 billion. Close Brothers Group plc has a 52-week low of GBX 1,222.00 and a 52-week high of GBX 1,715.00. The company’s 50-day moving average price is GBX 1,534.97 and its 200-day moving average price is GBX 1,560.35.
Close Brothers Group plc (LON:CBG) last issued its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). The company had revenue of £765.60 million during the quarter. Close Brothers Group plc had a return on equity of 17.25% and a net margin of 23.84%. On average, equities research analysts forecast that Close Brothers Group plc will post $129.77 earnings per share for the current fiscal year.
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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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