Close Brothers Group's (CBG) "Hold" Rating Reiterated at Shore Capital

Key Points

• Shore Capital has reiterated a "hold" rating for Close Brothers Group (CBG) with a price target of GBX 370 ($5.00), suggesting a potential downside of 15.99% from the current stock price.
• In contrast, Keefe, Bruyette & Woods has given CBG an "outperform" rating and set a higher price target of GBX 430 ($5.81).
• Close Brothers Group's shares recently opened at GBX 440.40 ($5.95), reflecting a 7.0% increase alongside a market cap of £663.52 million.

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Shore Capital in a report released on Friday, MarketBeat reports. They presently have a GBX 370 ($5.00) price target on the stock. Shore Capital's price objective would indicate a potential downside of 15.99% from the stock's current price.

Separately, Keefe, Bruyette & Woods restated an "outperform" rating and set a GBX 430 ($5.81) target price on shares of Close Brothers Group in a report on Thursday, March 27th.

Close Brothers Group Stock Up 7.0%

Shares of CBG stock opened at GBX 440.40 ($5.95) on Friday. The business has a 50-day moving average price of GBX 369.66 and a two-hundred day moving average price of GBX 326.24. Close Brothers Group has a 12-month low of GBX 179.83 ($2.43) and a 12-month high of GBX 564 ($7.62). The firm has a market cap of £663.52 million, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.