Close Brothers Group plc (LON:CBG) Given Average Recommendation of “Hold” by Brokerages

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Close Brothers Group plc (LON:CBG) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,557.57 ($20.35).

Several equities research analysts have commented on the company. Numis Securities restated a “hold” rating and issued a GBX 1,618 ($21.14) target price on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Royal Bank of Canada cut their target price 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. Jefferies Financial Group cut their target price on Chemours from $48.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Peel Hunt restated a “buy” rating on shares of Lookers in a research note on Monday. Finally, Shore Capital restated a “house stock” rating on shares of in a research note on Wednesday, June 5th.

In related news, insider Elizabeth Lee acquired 127 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were bought at an average price of GBX 1,413 ($18.46) per share, for a total transaction of £1,794.51 ($2,344.85).

LON CBG traded down GBX 5 ($0.07) during trading on Friday, hitting GBX 1,430 ($18.69). The stock had a trading volume of 253,678 shares, compared to its average volume of 422,969. The firm has a market cap of $2.17 billion and a P/E ratio of 10.72. The company has a 50-day moving average price of GBX 1,416.12. Close Brothers Group has a 12 month low of GBX 1,349 ($17.63) and a 12 month high of GBX 1,682 ($21.98).

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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Analyst Recommendations for Close Brothers Group (LON:CBG)

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