Close Brothers Group’s (LON:CBG) “Hold” Rating Reiterated at Shore Capital

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Shore Capital reaffirmed their hold rating on shares of Close Brothers Group (LON:CBG) in a report released on Wednesday, July 18th.

Several other equities analysts have also recently weighed in on CBG. Peel Hunt reaffirmed an add rating on shares of Close Brothers Group in a research report on Tuesday, May 22nd. Canaccord Genuity dropped their price target on shares of Close Brothers Group from GBX 1,750 ($22.32) to GBX 1,700 ($21.69) and set a buy rating on the stock in a research report on Monday, April 16th. Finally, Numis Securities reaffirmed a hold rating on shares of Close Brothers Group in a research report on Tuesday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Close Brothers Group has a consensus rating of Hold and a consensus target price of GBX 1,549.50 ($19.77).

Shares of CBG stock traded down GBX 2 ($0.03) on Wednesday, reaching GBX 1,573 ($20.07). 125,014 shares of the company were exchanged, compared to its average volume of 422,969. Close Brothers Group has a one year low of GBX 1,315 ($16.78) and a one year high of GBX 1,715 ($21.88).

In related news, insider Elizabeth Lee purchased 121 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The stock was bought at an average price of GBX 1,487 ($18.97) per share, for a total transaction of £1,799.27 ($2,295.28). Also, insider Jonathan Howell sold 17,513 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of GBX 1,550 ($19.77), for a total transaction of £271,451.50 ($346,283.33). In the last quarter, insiders acquired 141 shares of company stock valued at $210,657.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals firms in the United Kingdom. It operates through five segments: Commercial Finance, Retail Finance, Property Finance, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

Further Reading: Penny Stocks, Risk and Reward Factors

Analyst Recommendations for Close Brothers Group (LON:CBG)

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