Close Brothers Group (OTCMKTS:CBGPY) Upgraded to Buy at Investec

Close Brothers Group (OTCMKTS:CBGPY) was upgraded by equities researchers at Investec from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.

CBGPY has been the topic of several other reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Close Brothers Group in a research note on Monday. UBS Group reiterated a “neutral” rating on shares of Close Brothers Group in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Close Brothers Group in a research note on Wednesday, September 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Close Brothers Group presently has a consensus rating of “Hold”.

OTCMKTS:CBGPY opened at $35.99 on Thursday. The stock’s fifty day moving average is $41.00 and its two-hundred day moving average is $43.56. Close Brothers Group has a 52 week low of $34.78 and a 52 week high of $53.10.

Close Brothers Group Company Profile

Close Brothers Group Plc operates as a merchant banking group, which provides lending, deposit taking, securities trading and wealth management services. It operates through the following segments: Retail Finance, Commercial Finance, Property Finance, Securities, and Asset Management. The Retail Finance segment provides loans to predominantly retail customers, through a network of intermediaries.

See Also: Return on Equity (ROE)

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Analyst Recommendations for Close Brothers Group (OTCMKTS:CBGPY)

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