Close Brothers Group's (CBG) "Neutral" Rating Reiterated at UBS Group

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 reiterated by research analysts at UBS Group in a research note issued on Monday, Marketbeat Ratings reports. They currently have a GBX 535 target price on the stock. UBS Group's target price would suggest a potential upside of 10.17% from the stock's previous close.

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

Close Brothers Group Stock Down 2.3%

CBG stock traded down GBX 11.40 during midday trading on Monday, reaching GBX 485.60. The company had a trading volume of 1,872,309 shares, compared to its average volume of 1,544,786. The firm has a market capitalization of £730.93 million, a PE ratio of -707.87, a P/E/G ratio of 1.87 and a beta of 0.82. The stock has a 50 day moving average price of GBX 467.68 and a 200 day moving average price of GBX 377.56. Close Brothers Group has a fifty-two week low of GBX 179.83 and a fifty-two week high of GBX 563.50.

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.