Close Brothers Group (CBG) Stock Forecast & Price Target

GBX 536.50

-8.00 (-1.47%)

(As of 12:35 PM ET)

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Close Brothers Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Close Brothers Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for CBG.

Consensus Price Target

GBX 624

High Forecast	GBX 961
Average Forecast	GBX 624
Low Forecast	GBX 425

According to the 6 analysts' twelve-month price targets for Close Brothers Group, the average price target is GBX 624. The highest price target for CBG is GBX 961, while the lowest price target for CBG is GBX 425. The average price target represents a forecasted upside of 16.31% from the current price of GBX 536.50.

Type	Current Forecast 9/11/23 to 9/10/24	1 Month Ago 8/12/23 to 8/11/24	3 Months Ago 6/13/23 to 6/12/24	1 Year Ago 9/11/22 to 9/11/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	GBX 624	GBX 583.17	GBX 577.80	GBX 1,082.75

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CBG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CBG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Close Brothers Group Stock vs. The Competition

Type	Close Brothers Group	Financial Services Companies
Consensus Rating Score	2.83	2.60
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Royal Bank of Canada 4 of 5 stars	Upgrade	Outperform	GBX 375 ➝ GBX 620	+17.98%
7/5/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars	Initiated Coverage	Buy	GBX 610	+24.14%
5/22/2024	Shore Capital 1 of 5 stars	Reiterated Rating	Buy
2/21/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Speculative Buy	GBX 463	+36.16%
2/15/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	GBX 1,100 ➝ GBX 425	+45.05%
9/26/2023	Peel Hunt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold	GBX 961	+10.46%
Get the Latest News and Ratings for CBG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Close Brothers Group and its competitors with MarketBeat's FREE daily newsletter.
1/26/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight	GBX 1,120 ➝ GBX 950	-1.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:38 PM ET.

CBG Forecast - Frequently Asked Questions

What is Close Brothers Group's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Close Brothers Group is GBX 624, with a high forecast of GBX 961 and a low forecast of GBX 425.
Should I buy or sell Close Brothers Group stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Close Brothers Group in the last twelve months. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CBG shares.
Does Close Brothers Group's stock price have much upside?: According to analysts, Close Brothers Group's stock has a predicted upside of 26.25% based on their 12-month stock forecasts.
Has Close Brothers Group been upgraded by Wall Street analysts recently?: Over the previous 90 days, Close Brothers Group's stock had 1 upgrade by analysts.
What analysts cover Close Brothers Group?: Close Brothers Group has been rated by research analysts at Deutsche Bank Aktiengesellschaft, and Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like Close Brothers Group more than its competitors?: Analysts like Close Brothers Group more than other "financial services" companies. The consensus rating score for Close Brothers Group is 2.83 while the average consensus rating score for "financial services" companies is 2.60. Learn more on how CBG compares to other companies.