Close Brothers Group (LON:CBG) had its price objective trimmed by Canaccord Genuity from GBX 1,511 ($19.74) to GBX 1,393 ($18.20) in a report released on Wednesday morning, Digital Look reports. The brokerage currently has a hold rating on the stock.
Several other research firms also recently weighed in on CBG. Peel Hunt reaffirmed a hold rating on shares of Close Brothers Group in a report on Tuesday, September 24th. Shore Capital reaffirmed a hold rating and issued a GBX 1,580 ($20.65) price objective (down previously from GBX 1,610 ($21.04)) on shares of Close Brothers Group in a report on Tuesday, September 24th. UBS Group reissued a neutral rating and issued a GBX 1,435 ($18.75) price target (down from GBX 1,565 ($20.45)) on shares of Close Brothers Group in a report on Wednesday, September 25th. Berenberg Bank cut their price target on shares of Close Brothers Group from GBX 1,500 ($19.60) to GBX 1,460 ($19.08) and set a hold rating for the company in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Close Brothers Group from GBX 1,700 ($22.21) to GBX 1,650 ($21.56) and set an overweight rating for the company in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 1,515.60 ($19.80).
CBG stock traded up GBX 20 ($0.26) during trading on Wednesday, hitting GBX 1,442 ($18.84). The company had a trading volume of 282,120 shares, compared to its average volume of 422,969. The firm has a market capitalization of $2.18 billion and a price-to-earnings ratio of 10.83. The business has a 50 day moving average of GBX 1,388.20 and a 200 day moving average of GBX 1,399.10. Close Brothers Group has a fifty-two week low of GBX 1,209 ($15.80) and a fifty-two week high of GBX 1,614 ($21.09).
In other Close Brothers Group news, insider Mike Morgan sold 19,710 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of GBX 1,344 ($17.56), for a total value of £264,902.40 ($346,141.91). Also, insider Preben Prebensen sold 149,204 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of GBX 1,264 ($16.52), for a total transaction of £1,885,938.56 ($2,464,312.77). Insiders sold a total of 168,944 shares of company stock valued at $215,122,766 over the last three months.
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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