UBS Group Reiterates "Neutral" Rating for Close Brothers Group (LON:CBG)

Key Points

• UBS Group has reiterated its "Neutral" rating for Close Brothers Group, with a target price of GBX 535, suggesting a potential upside of 5.10% from the current price.
• Other analysts have given mixed ratings, with Peel Hunt maintaining a "hold" rating at GBX 327 and Canaccord Genuity offering a "buy" rating with a target at GBX 463.
• Close Brothers Group operates as a merchant banking company in the UK, providing financial services to small businesses and individuals across various segments, including Commercial, Retail, and Asset Management.

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "neutral" rating reissued by UBS Group in a report released on Monday,London Stock Exchange reports. They currently have a GBX 535 target price on the stock. UBS Group's price objective indicates a potential upside of 5.10% from the company's current price.

Several other research firms have also recently commented on CBG. Peel Hunt reissued a "hold" rating and set a GBX 327 price target on shares of Close Brothers Group in a research note on Friday, July 25th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 463 price objective on shares of Close Brothers Group in a report on Monday, August 4th. Royal Bank Of Canada lowered shares of Close Brothers Group to a "sector perform" rating and set a GBX 525 price objective on the stock. in a report on Monday, August 18th. Finally, Shore Capital restated a "hold" rating and issued a GBX 370 price objective on shares of Close Brothers Group in a report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 464.29.

Close Brothers Group Price Performance

CBG opened at GBX 509.04 on Monday. Close Brothers Group has a one year low of GBX 179.83 and a one year high of GBX 563.50. The company's 50 day simple moving average is GBX 459.70 and its 200-day simple moving average is GBX 373.59. The stock has a market capitalization of £766.22 million, a P/E ratio of -742.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

About Close Brothers Group

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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