Close Brothers Group (CBG) Lowered to “Hold” at Numis Securities

Close Brothers Group (LON:CBG) was downgraded by stock analysts at Numis Securities to a “hold” rating in a research note issued on Tuesday. They currently have a GBX 1,693 ($22.05) target price on the stock. Numis Securities’ target price points to a potential upside of 6.14% from the stock’s current price.

Several other equities analysts have also weighed in on CBG. Peel Hunt lowered shares of Close Brothers Group to a “hold” rating in a research report on Wednesday, July 18th. Shore Capital restated a “hold” rating on shares of Close Brothers Group in a research report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Close Brothers Group presently has a consensus rating of “Hold” and a consensus price target of GBX 1,561.30 ($20.34).

CBG traded down GBX 5 ($0.07) during trading on Tuesday, hitting GBX 1,595 ($20.78). 421,384 shares of the company traded hands, compared to its average volume of 422,969. Close Brothers Group has a one year low of GBX 1,315 ($17.13) and a one year high of GBX 1,715 ($22.34).

About Close Brothers Group

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.

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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