Close Brothers Group (LON:CBG) Cut to Sector perform at Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Close Brothers Group (LON:CBG) to a sector perform rating in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has GBX 525 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Shore Capital reaffirmed a “hold” rating and set a GBX 370 target price on shares of Close Brothers Group in a research note on Friday, July 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 463 target price on shares of Close Brothers Group in a research note on Monday, August 4th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 327 target price on shares of Close Brothers Group in a research note on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 452.50.

Close Brothers Group Stock Performance

CBG opened at GBX 488.80 on Monday. The stock has a market capitalization of £736.44 million, a price-to-earnings ratio of 7.37, a PEG ratio of 1.87 and a beta of 0.82. The company has a fifty day moving average of GBX 423.99 and a 200 day moving average of GBX 355.49. Close Brothers Group has a fifty-two week low of GBX 179.83 and a fifty-two week high of GBX 564.

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.