Canaccord Genuity Group Reaffirms Buy Rating for Close Brothers Group (LON:CBG)

Key Points

• Canaccord Genuity Group has reaffirmed a buy rating for Close Brothers Group (LON:CBG) with a price target of GBX 463 ($6.15), indicating a potential downside of 4.58% from the current stock price.
• Other analysts have given mixed ratings for Close Brothers Group; Shore Capital and Peel Hunt both issued hold ratings with price targets of GBX 370 ($4.91) and GBX 327 ($4.34) respectively.
• Close Brothers Group operates in several financial service segments and has seen its stock performance range from a one-year low of GBX 179.83 ($2.39) to a high of GBX 564 ($7.49).

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Canaccord Genuity Group in a report released on Monday, MarketBeat Ratings reports. They presently have a GBX 463 ($6.15) price objective on the stock. Canaccord Genuity Group's price target would indicate a potential downside of 4.58% from the company's current price.

A number of other equities analysts have also recently weighed in on CBG. Shore Capital reissued a "hold" rating and issued a GBX 370 ($4.91) price target on shares of Close Brothers Group in a research note on Friday, July 25th. Peel Hunt reissued a "hold" rating and issued a GBX 327 ($4.34) price target on shares of Close Brothers Group in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 468.33 ($6.22).

Close Brothers Group Stock Performance

Shares of CBG opened at GBX 485.20 ($6.44) on Monday. The firm has a market capitalization of £731.01 million, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. Close Brothers Group has a one year low of GBX 179.83 ($2.39) and a one year high of GBX 564 ($7.49). The stock's fifty day moving average is GBX 376.05 and its 200-day moving average is GBX 335.20.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.

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