Royal Bank Of Canada lowered shares of Close Brothers Group (LON:CBG - Free Report) to a sector perform rating in a research note released on Monday, Marketbeat Ratings reports. Royal Bank Of Canada currently has GBX 525 price objective on the stock.
A number of other research firms also recently weighed in on CBG. Shore Capital restated a "hold" rating and set a GBX 370 price target on shares of Close Brothers Group in a report on Friday, July 25th. Canaccord Genuity Group restated a "buy" rating and set a GBX 463 price target on shares of Close Brothers Group in a report on Monday, August 4th. Finally, Peel Hunt restated a "hold" rating and set a GBX 327 price target on shares of Close Brothers Group in a report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 452.50.
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Close Brothers Group Stock Performance
Shares of Close Brothers Group stock traded up GBX 11.40 during midday trading on Monday, reaching GBX 501. 639,853 shares of the company's stock traded hands, compared to its average volume of 1,528,702. The company has a market cap of £754.82 million, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The company's 50 day simple moving average is GBX 426.54 and its 200 day simple moving average is GBX 356.70. Close Brothers Group has a 52 week low of GBX 179.83 and a 52 week high of GBX 564.
About Close Brothers Group
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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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