Close Brothers Group plc (LON:CBG) Receives Average ‘Moderate Buy’ Rating from Brokerages

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Shares of Close Brothers Group plc (LON:CBG – Get Rating) received a consensus “moderate buy” recommendation from the six ratings firms that currently cover the company, MarketBeat Ratings reports. Two analysts gave the stock a hold rating and four gave the company a buy rating. The 12-month average price target among brokerages that have reported on the stock over the past year is 1,540.40 GBX ($18.90).

Several equity research analysts have weighed in on the company. Royal Bank of Canada reissued a “sector performance” rating and issued a price target of 1,200 GBX ($14.72) on shares of Close Brothers Group in a report on Thursday, March 24. Shore Capital reissued a “buy” rating on Close Brothers Group shares in a report on Friday, May 20. JPMorgan Chase & Co. lowered its price target on Close Brothers Group from 1,540 GBX ($18.89) to 1,370 GBX ($16.81) and set a “neutral” rating for the company in a report from the Wednesday, March 16. Finally, Liberum Capital upgraded Close Brothers Group to a “buy” rating and set a price target of 1,480 GBX ($18.16) for the company in a Friday, April 1 report.

CBG shares opened at 1,023 GBX ($12.55) on Friday. Close Brothers Group has a 1-year minimum of 997 GBX ($12.23) and a 1-year maximum of 1,633 GBX ($20.03). The stock’s 50-day moving average is 1,072.14 GBX and its 200-day moving average is 1,194.80 GBX. The company has a market capitalization of £1.54 billion and a P/E ratio of 7.65.

Close Brothers Group Company Profile (Get an assessment)

Close Brothers Group plc, a merchant bank, provides financial services to small businesses and individuals in the UK. It operates through five segments: Commercial, Retail, Real Estate, Asset Management and Securities. The Company offers various savings products, including personal and business savings and pension deposits.

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Analyst Recommendations for Close Brothers Group (LON:CBG)



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