Close Brothers Group PLC (LON:CBG) target price held steady at 1,551.00GBX, reported today by Numis
- Updated: September 26, 2016
Close Brothers Group PLC (LON:CBG) had its target price hold steady to 1,551.00GBX by Numis in a report released 09/27/2016. The new target price indicates a possible upside of 0.1% based on the company's last stock close price.
Previously on 09/23/2016, RBC Capital Markets reported about Close Brothers Group PLC (LON:CBG) raised the target price from 0.00GBX to 1,400.00GBX. At the time, this indicated a possible downside of -0.01%.
Yesterday Close Brothers Group PLC (LON:CBG) traded -0.21% lower at 1,410.00GBX. The company’s 50-day moving average is 1,377.29GBX and its 200-day moving average is 1,266.82GBX. The last stock close price is up 11.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 220,226 shares of the stock were exchanged, down from an average trading volume of 309,890
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Close Brothers Group PLC has a 52 week low of 975.00GBX and a 52 week high of 1,569.00GBX with a P/E ratio of 11.81 The company’s market cap is currently 0 GBX.
In addition to Numis reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is 1,380.36GBX with 2 firms rating the stock a strong buy, 3 firms rating the stock a buy, 5 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 brokers 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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