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Close Brothers Group PLC (LON:CBG) target price raised to 1,575.00GBX, reported today by JP Morgan Cazenove

Yesterday Close Brothers Group PLC (LON:CBG) traded -1.08% lower at 0.00GBX. The company’s 50-day moving average is 1,380.51GBX and its 200-day moving average is 1,269.87GBX. The last stock close price is down 8.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 263,807 shares of the stock were exchanged, down from an average trading volume of 299,299

Close Brothers Group PLC (LON:CBG) had its target price raised to 1,575.00GBX by JP Morgan Cazenove in a report released 9/30/2016. The new target price indicates steady performance relative to the company's last stock close price.

Previously on 09/28/2016, Numis reported about Close Brothers Group PLC (LON:CBG) raised the target price from 0.00GBX to 1,619.00GBX. At the time, this indicated a possible upside of 0.16%.

See Chart Below

Close Brothers Group PLC (LON:CBG)

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 11.56 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove 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 firms rating the stock a sell.

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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