Close Brothers Group plc 22.3% potential upside indicated by Berenberg Bank

Close Brothers Group plc with ticker (LON:CBG) now has a potential upside of 22.3% according to Berenberg Bank.



Berenberg Bank set a target price of 1,150 GBX for the company, which when compared to the Close Brothers Group plc share price of 940 GBX at opening today (09/05/2023) indicates a potential upside of 22.3%. Trading has ranged between 843 (52 week low) and 1,169 (52 week high) with an average of 261,385 shares exchanging hands daily. The market capitalisation at the time of writing is £1,373,646,393.

Close Brothers Group plc is a United Kingdom-based merchant banking company. The Company is engaged in providing lending, deposit-taking, wealth management services and securities trading. Its segments include Commercial, Retail, Property, Asset Management and Securities. The Commercial segment provides secured lending principally to small and medium-sized enterprises (SME), both through their direct sales force and via third party distribution channels. The Retail segment provides loans to predominantly individuals and small businesses, through a network of intermediaries. The Property segment specializes in short-term residential development finance through property finance, and also offers refurbishment and bridging loans through commercial acceptances. Its Asset Management segment provides financial advice and investment management services to private clients in the United Kingdom. The Securities segment is a market maker for retail stockbrokers and institutions.