Close Brothers Group PLC (LON:CBG) price target increased to 1,400.00GBX, released a research note earlier today by RBC Capital Markets
- Updated: September 22, 2016
Just yesterday Close Brothers Group PLC (LON:CBG) traded -1.47% lower at 1,412.00GBX. The company’s 50-day moving average is 1,365.97GBX and its 200-day moving average is 1,266.58GBX. The last stock close price is up 11.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trading volume was down over the average, with 61,830 shares of CBG changing hands under the typical 313,314
Close Brothers Group PLC (LON:CBG) had its price target upped to 1,400.00GBX by RBC Capital Markets in an issued report issued 9/23/2016. The bumped up target suggests a potential downside of -0.01% based on the company's previous stock price.
On 8/18/2016, Liberum Capital released a statement for Close Brothers Group PLC (LON:CBG) bumped up the target price from 1,184.00GBX to 1,398.00GBX. At the time, this indicated a possible upside of 0.03%.
Recent Performance Chart
Close Brothers Group PLC has PE ratio of 11.80 with a 52 week low of 975.00GBX and a 52 week high of 1,569.00GBX and has a market cap of 0 GBX.
In addition to RBC Capital Markets reporting its target price, a total of 11 firms have released a ratings update on CBG. The one year stock price target is 1,380.36GBX with 2 analysts rating the company a strong buy, 3 brokerages rating the stock a buy, five equity analysts rating the company a hold, 2 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
General Information About Close Brothers Group PLC (LON:CBG)
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance. It also offers deposit-taking services to the United Kingdom businesses and individuals. The Securities segment provides trading services in the United Kingdom through Winterflood, a market-maker. The Asset Management segment provides a range of financial advice, investment management and online investing services to private clients and professional advisors. Its portfolio of solutions include aviation and marine, broker finance, brewery rentals, asset-based lending, commercial vehicle hire, insurance premium finance, invoice finance, motor finance, property finance, professional services finance, retail finance and technology services.
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