Brokerages Set Close Brothers Group plc (LON:CBG) PT at GBX 1,557.57

Shares of Close Brothers Group plc (LON:CBG) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,557.57 ($20.35).

Several analysts recently weighed in on the company. Shore Capital reaffirmed a “house stock” rating on shares of in a research note on Wednesday, June 5th. Jefferies Financial Group reduced their price objective on Chemours from $48.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Royal Bank of Canada reduced their price objective 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. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,140 ($14.90) price objective on shares of Hill & Smith in a research note on Friday, March 15th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Lookers in a research note on Monday.

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

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

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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