Shore Capital Reiterates “Hold” Rating for Close Brothers Group (LON:CBG)

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reiterated by stock analysts at Shore Capital in a research report issued to clients and investors on Wednesday, June 5th, Digital Look reports.

CBG has been the topic of a number of other research reports. Berenberg Bank cut their price target on shares of Close Brothers Group from GBX 1,510 ($19.73) to GBX 1,500 ($19.60) and set a “hold” rating on the stock in a report on Friday, March 15th. UBS Group restated a “neutral” rating and set a GBX 1,565 ($20.45) price target (down previously from GBX 1,570 ($20.51)) on shares of Close Brothers Group in a report on Wednesday, March 13th. Numis Securities restated a “hold” rating and set a GBX 1,654 ($21.61) price target on shares of Close Brothers Group in a report on Tuesday, March 12th. Peel Hunt reaffirmed a “hold” rating on shares of Close Brothers Group in a research report on Monday, March 11th. Finally, Jefferies Financial Group boosted 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. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,567.25 ($20.48).

Shares of LON CBG traded up GBX 5 ($0.07) during midday trading on Wednesday, reaching GBX 1,420 ($18.55). The company’s stock had a trading volume of 207,347 shares, compared to its average volume of 422,969. 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). The stock has a 50 day moving average price of GBX 1,431.36. The stock has a market capitalization of $2.12 billion and a P/E ratio of 10.64.

In other news, insider Elizabeth Lee acquired 127 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average cost of GBX 1,413 ($18.46) per share, with a total value 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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