Close Brothers Group (CBG) Given “Buy” Rating at Peel Hunt

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued to investors on Friday. They presently have a GBX 1,600 ($21.39) target price on the stock. Peel Hunt’s price objective points to a potential upside of 9.66% from the stock’s previous close.

A number of other equities analysts also recently commented on CBG. Numis Securities reaffirmed a “hold” rating and set a GBX 1,575 ($21.06) target price on shares of Close Brothers Group in a research note on Tuesday, September 26th. Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, September 26th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,535 ($20.52) target price on shares of Close Brothers Group in a research note on Tuesday, September 26th. Barclays reduced their target price on shares of Close Brothers Group from GBX 1,550 ($20.72) to GBX 1,450 ($19.39) and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,800 ($24.07) target price on shares of Close Brothers Group in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,518.50 ($20.30).

Close Brothers Group (CBG) opened at GBX 1,459 ($19.51) on Friday. Close Brothers Group has a 52 week low of GBX 1,315 ($17.58) and a 52 week high of GBX 1,715 ($22.93). The company has a market cap of $2,210.00 and a PE ratio of 1,139.84.

In related news, insider Rebekah Etherington sold 779 shares of Close Brothers Group stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of GBX 1,155 ($15.44), for a total value of £8,997.45 ($12,030.28). Insiders purchased 32 shares of company stock valued at $44,568 in the last 90 days.

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About Close Brothers Group

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.

Analyst Recommendations for Close Brothers Group (LON:CBG)

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