Close Brothers Group (OTCMKTS:CBGPY) Downgraded by Canaccord Genuity Group to Sell

Canaccord Genuity Group cut shares of Close Brothers Group (OTCMKTS:CBGPY – Get Rating) from a buy rating to a sell rating in a research note published on Wednesday, Briefing.com reports.

Other analysts have also issued reports about the company. Investec lowered Close Brothers Group from a hold rating to a sell rating in a research note on Monday, November 14th. Keefe, Bruyette & Woods upgraded shares of Close Brothers Group from a market perform rating to an outperform rating in a research report on Wednesday, October 19th. Berenberg Bank decreased their target price on shares of Close Brothers Group from GBX 1,250 ($15.23) to GBX 1,200 ($14.62) in a research note on Thursday, September 29th. Royal Bank of Canada dropped their price target on Close Brothers Group from GBX 1,250 ($15.23) to GBX 1,100 ($13.40) in a research note on Tuesday, October 18th. Finally, JPMorgan Chase & Co. lowered Close Brothers Group from a neutral rating to an underweight rating in a research note on Tuesday, December 6th. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $1,170.00.

Close Brothers Group Price Performance

Shares of CBGPY stock opened at $27.03 on Wednesday. Close Brothers Group has a fifty-two week low of $19.32 and a fifty-two week high of $40.03. The stock’s fifty day moving average price is $25.48 and its two-hundred day moving average price is $24.55.

Close Brothers Group Company Profile

(Get Rating)

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 various savings products, including personal and business savings, and pension deposits.