Close Brothers Group plc (LON:CBG – Get Rating) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 840.50 ($10.75) and last traded at GBX 841 ($10.76), with a volume of 94385 shares trading hands. The stock had previously closed at GBX 863.50 ($11.05).
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on CBG shares. Peel Hunt reissued a “hold” rating and issued a GBX 1,031 ($13.19) target price on shares of Close Brothers Group in a research note on Tuesday, March 14th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Wednesday, May 24th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,150 ($14.72) price objective on shares of Close Brothers Group in a research note on Wednesday, May 24th. Finally, Royal Bank of Canada decreased their price objective on Close Brothers Group from GBX 1,250 ($15.99) to GBX 1,200 ($15.36) and set an “outperform” rating for the company in a research note on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Close Brothers Group has an average rating of “Hold” and a consensus target price of GBX 1,082.75 ($13.85).
Close Brothers Group Stock Down 3.1 %
The company has a fifty day simple moving average of GBX 918.75 and a two-hundred day simple moving average of GBX 968.69. The stock has a market capitalization of £1.26 billion, a P/E ratio of 1,608.65, a price-to-earnings-growth ratio of 1.87 and a beta of 0.89.
Close Brothers Group Company Profile
Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers various savings products, including personal and business savings, and pension deposits.
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