Close Brothers Group plc 8.2% potential upside indicated by RBC Capital Markets

Close Brothers Group plc with ticker (LON:CBG) now has a potential upside of 8.2% according to RBC Capital Markets.



RBC Capital Markets set a target price of 1,400 GBX for the company, which when compared to the Close Brothers Group plc share price of 1,285 GBX at opening today (28/01/2022) indicates a potential upside of 8.2%. Trading has ranged between 1,234 (52 week low) and 1,702 (52 week high) with an average of 248,911 shares exchanging hands daily. The market capitalisation at the time of writing is £1,886,631,714.

Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance. It also offers deposit-taking services to the United Kingdom businesses and individuals. Its portfolio of solutions include aviation and marine, broker finance, brewery rentals, asset-based lending, commercial vehicle hire, insurance premium finance, invoice finance, motor finance, property finance, professional services finance, and technology services. The Securities segment provides trading services in the United Kingdom through Winterflood, a market-maker. The Asset Management segment provides a range of financial advice, investment management and online investing services to private clients and professional advisors.