Breaking: Peel Hunt Reiterates GBX 1800.00 Price Target On Close Brothers Group PLC (LON:CBG) Shares, Reiterates Their Original “Buy” Rating


Close Brothers Group PLC (LON:CBG) Rating Reaffirmed

Peel Hunt now has a GBX 1800.00 target price on shares of Close Brothers Group PLC (LON:CBG). The target price implies a potential upside of 25.00% from the last close price of Close Brothers Group PLC (LON:CBG). This rating was announced to investors in a comprehensive report on Monday morning.

From a total of 10 analysts covering Close Brothers Group PLC (LON:CBG) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 1800 while the lowest target price is GBX 1370. The mean of all analyst targets is GBX 1555.7 with a 19.68% above today’s (GBX 1383) stock price. Close Brothers Group PLC was the topic of 40 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on December 7 with “Buy” rating. Panmure Gordon maintained shares with “Hold” rating and GBX 1400 target share price in a report from a November 19. Numis Securities downgraded CBG stock in a recent report from November 23 to “Add” 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 1383 during the previous session. It is down 13.35% since May 8, 2015 and is downtrending. It has underperformed by 12.27% the S&P500.

Breaking: Peel Hunt Reiterates GBX 1800.00 Price Target On Close Brothers Group PLC (LON:CBG) Shares, Reiterates Their Original

Close Brothers Group plc is a United Kingdom merchant banking company. The company has a market cap of 2.07 billion GBP. The Firm provides lending, deposit taking, wealth management services and securities trading. It has 11.87 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).