Close Brothers Group’s (CBG) Hold Rating Reiterated at Peel Hunt
Peel Hunt reissued their hold rating on shares of Close Brothers Group (LON:CBG) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also issued reports on the company. Investec upgraded Britvic to a buy rating and lifted their price target for the company from GBX 875 ($11.43) to GBX 1,025 ($13.39) in a research note on Friday, May 24th. Royal Bank of Canada decreased their price target on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating on the stock in a research note on Thursday, June 20th. Numis Securities reiterated a hold rating and issued a GBX 1,618 ($21.14) price target on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Jefferies Financial Group decreased their price target on Chemours from $48.00 to $30.00 and set a buy rating on the stock in a research note on Monday, June 10th. Finally, Shore Capital reiterated a house stock rating on shares of in a research note on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 1,567.25 ($20.48).
Shares of CBG opened at GBX 1,451 ($18.96) on Monday. Close Brothers Group has a 52-week low of GBX 1,349 ($17.63) and a 52-week high of GBX 1,682 ($21.98). The firm has a fifty day simple moving average of GBX 1,422.12. The company has a market cap of $2.20 billion and a price-to-earnings ratio of 10.88.
Close Brothers Group Company Profile
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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