Published On: Tue, Sep 13th, 2016

Close Brothers Group plc (CBG) Stock Rating Reaffirmed by Citigroup Inc.

Close Brothers Group plc (LON:CBG)‘s stock had its ” buy” rating reiterated by investment analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They presently have a GBX 400 ($5.33) price objective on the stock. Citigroup Inc.’s price target would suggest a potential downside of 70.93% from the stock’s previous close.
Several other research firms also recently weighed in on CBG. Numis Securities Ltd dropped their target price on shares of Close Brothers Group plc from GBX 1,545 ($20.58) to GBX 1,540 ($20.51) and set an “add” rating for the company in a research report on Thursday, August 25th. Liberum Capital downgraded shares of Close Brothers Group plc to a “hold” rating and boosted their target price for the stock from GBX 1,184 ($15.77) to GBX 1,398 ($18.62) in a research report on Thursday, August 18th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,600 ($21.31) target price on shares of Close Brothers Group plc in a research report on Monday, May 23rd. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,300 ($17.31) target price on shares of Close Brothers Group plc in a research report on Monday, May 23rd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,600 ($21.31) target price on shares of Close Brothers Group plc in a research report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Close Brothers Group plc has an average rating of “Hold” and an average target price of GBX 1,337.20 ($17.81).
Close Brothers Group plc (LON:CBG) opened at 1375.00 on Tuesday. The firm has a 50-day moving average of GBX 1,331.80 and a 200-day moving average of GBX 1,262.15. The stock’s market capitalization is GBX 2.04 billion. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,569.00.

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In other news, insider Hodges,Stephen R bought 40,000 shares of Close Brothers Group plc stock in a transaction on Monday, June 27th. The stock was purchased at an average cost of GBX 1,084 ($14.44) per share, with a total value of £433,600 ($577,517.31).
About Close Brothers Group plc
Close Brothers Group plc is a United Kingdom-based merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three divisions: banking, which provides a range of lending products to the United Kingdom small and medium enterprises (SMEs), as well as installment payment solutions to the United Kingdom retail borrowers; securities, which provides dealing and execution services to financial institutions through Winterflood, and asset management, which provides wealth management service for individuals, incorporating both financial planning advice and investment management.

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