Royal Bank of Canada Initiates Coverage on Close Brothers Group (CBG)

Investment analysts at Royal Bank of Canada began coverage on shares of Close Brothers Group (LON:CBG) in a research report issued to clients and investors on Tuesday, April 23rd, Digital Look reports. The firm set a “sector performer” rating and a GBX 1,500 ($19.60) price target on the stock. Royal Bank of Canada’s target price points to a potential downside of 2.47% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group raised their price objective on Close Brothers Group from GBX 1,543 ($20.16) to GBX 1,579 ($20.63) and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Berenberg Bank reduced their price objective on Close Brothers Group from GBX 1,510 ($19.73) to GBX 1,500 ($19.60) and set a “hold” rating for the company in a research note on Friday, March 15th. UBS Group reissued a “neutral” rating and set a GBX 1,565 ($20.45) price objective (down from GBX 1,570 ($20.51)) on shares of Close Brothers Group in a research note on Wednesday, March 13th. Numis Securities reissued a “hold” rating and set a GBX 1,654 ($21.61) price objective on shares of Close Brothers Group in a research note on Tuesday, March 12th. Finally, Shore Capital raised their price objective on Close Brothers Group from GBX 1,600 ($20.91) to GBX 1,605 ($20.97) and gave the stock a “hold” rating in a research note on Tuesday, March 12th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,586.14 ($20.73).

CBG opened at GBX 1,537.99 ($20.10) on Tuesday. The firm has a market cap of $2.29 billion and a PE ratio of 11.53. Close Brothers Group has a fifty-two week low of GBX 1,387 ($18.12) and a fifty-two week high of GBX 1,682 ($21.98).

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, 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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