Close Brothers Group PLC (LON:CBG) Rating Reaffirmed
In an analyst note issued to investors and clients on Friday, 27 November, The “Buy” rating of Close Brothers Group PLC (LON:CBG) shares was reconfirmed by Peel Hunt, who now has a GBX 1800.00 target PPS on the stock. Peel Hunt’s target PPS suggests a possible upside of 28.85% from the price per share of the company.
From a total of 13 analysts covering Close Brothers Group PLC (LON:CBG) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is GBX 1844 while the lowest target price is GBX 1400. The mean of all analyst targets is GBX 1655.18 with a 18.48% above today’s (GBX 1397) stock price. Close Brothers Group PLC was the topic of 38 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on November 27 with “Buy” rating. Panmure Gordon maintained shares with “Hold” rating and GBX 1400 target share price in a report from a November 19. Barclays Capital maintained CBG stock in a recent report from November 23 with “Equal Weight” rating. RBC Capital Markets maintained the rating on November 19. RBC Capital Markets has a “Sector Perform” rating and a GBX 1600 price target on shares. Finally, Shore Capital maintained the stock with “Hold” rating in a report issued on a November 19.
The stock closed the day at GBX 1397 during the previous session. It is down 8.69% since April 30, 2015 and is downtrending. It has underperformed by 7.33% the S&P500.
Close Brothers Group plc is a United Kingdom merchant banking company. The company has a market cap of 2.09 billion GBP. The Firm provides lending, deposit taking, wealth management services and securities trading. It has 11.99 P/E ratio. The Firm operates through three divisions: banking, which provides a range of lending products to the United Kingdom small and medium enterprises , 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.
According to Zacks Investment Research, “CBRE Group, Inc is a commercial real estate services firm providing advisory services, capital markets services, valuation services to occupiers, owners, lenders, and investors in office, retail, industrial, multi-family, and other commercial real estate assets. The company also offers investment management services to pension plans, foundations, endowments and outsourcing services. CBRE Group, Inc, formerly known as CB Richard Ellis Group, Inc, is headquartered in Los Angeles, California.” Get a free copy of the Zacks research report on Close Brothers Group plc (CBG)