November 28, 2016 - By Dolores Ford
In a research note revealed to clients on today, Barclays Capital maintained their “Overweight” rating on Close Brothers Group PLC (LON:CBG)‘s stock. The target means a potential upside of 11.44% from company’s current stock price.
Out of 16 analysts covering Close Brothers Group PLC (LON:CBG), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. GBX 1844 is the highest target while GBX 400 is the lowest. The GBX 1424.77 average target is 5.38% above today’s (GBX 1352) stock price. Close Brothers Group PLC has been the topic of 98 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Monday, May 23, the company rating was maintained by Barclays Capital. The firm has “Buy” rating by Numis Securities given on Tuesday, October 27. The firm earned “Add” rating on Tuesday, March 8 by Numis Securities. The firm earned “Equal Weight” rating on Thursday, June 16 by Barclays Capital. The company was maintained on Friday, July 22 by JP Morgan. The firm has “Outperform” rating by Macquarie Research given on Thursday, February 18. The stock has “Market Perform” rating given by Wood on Wednesday, September 23. The rating was maintained by Shore Capital on Thursday, November 17 with “Hold”. Peel Hunt maintained the stock with “Buy” rating in Friday, January 22 report. The rating was maintained by Liberum Capital with “Hold” on Tuesday, September 27.
About 16,551 shares traded hands. Close Brothers Group plc (LON:CBG) has risen 12.46% since April 29, 2016 and is uptrending. It has outperformed by 6.44% the S&P500.
Analysts await CBRE Group Inc (NYSE:CBG) to report earnings on February, 1. They expect $0.81 EPS, 0.00% or $0.00 from last year’s $0.81 per share. CBG’s profit will be $271.84M for 9.08 P/E if the $0.81 EPS becomes a reality. After $0.50 actual EPS reported by CBRE Group Inc for the previous quarter, Wall Street now forecasts 62.00% EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.11, from 1.09 in 2016Q1. The ratio is positive, as 44 funds sold all Close Brothers Group plc shares owned while 143 reduced positions. 33 funds bought stakes while 170 increased positions. They now own 304.99 million shares or 2.95% less from 314.26 million shares in 2016Q1.
Loomis Sayles Communications L P accumulated 0.08% or 1.11M shares. Benjamin F Edwards And accumulated 0% or 97 shares. Chevy Chase Hldgs owns 249,295 shares or 0.04% of their US portfolio. Checchi Advisers Limited Liability owns 2,067 shares or 0.01% of their US portfolio. Valueact Ltd Partnership owns 32.94M shares or 7.92% of their US portfolio. Bbva Compass Commercial Bank owns 41,494 shares or 0.08% of their US portfolio. Dimensional Fund Advsr L P reported 1.43 million shares or 0.02% of all its holdings. Oregon Employees Retirement Fund reported 43,158 shares or 0.03% of all its holdings. Intrust Financial Bank Na last reported 0.2% of its portfolio in the stock. Schwab Charles Inc holds 0.03% or 799,257 shares in its portfolio. First Republic Inv Incorporated reported 69,159 shares or 0.02% of all its holdings. Voya Inv Ltd Limited Liability Company has invested 0.01% of its portfolio in Close Brothers Group plc (LON:CBG). The Pennsylvania-based Mycio Wealth Prns Ltd Liability Corporation has invested 0.02% in Close Brothers Group plc (LON:CBG). Moreover, Macquarie Gp has 0.02% invested in Close Brothers Group plc (LON:CBG) for 416,788 shares. The Connecticut-based Hartford Communication has invested 0.06% in Close Brothers Group plc (LON:CBG).
Insider Transactions: Since June 10, 2016, the stock had 4 insider purchases, and 7 sales for $174.93 million net activity. Frese Calvin W Jr had sold 39,475 shares worth $1.18M on Monday, September 5. 1.20M shares were bought by ValueAct Holdings – L.P., worth $32.34M. On Monday, August 8 the insider GROCH JAMES R sold $600,000. Midler Laurence H sold $355,148 worth of stock or 11,867 shares. 17,739 Close Brothers Group plc (LON:CBG) shares with value of $528,516 were sold by KIRK J. CHRISTOPHER. Shares for $747,550 were sold by LAFITTE MICHAEL J.
Close Brothers Group plc is a merchant banking company. The company has a market cap of 2.03 billion GBP. The Firm provides lending, deposit taking, wealth management services and securities trading. It has a 10.88 P/E ratio. The Firm operates through three divisions: Banking, Securities and Asset Management.
According to Zacks Investment Research, “CBRE Group, Inc is a commercial real estate services firm providing advisory services, capital markets services, valuation services to occupiers, owners, lenders, and investors in office, retail, industrial, multi-family, and other commercial real estate assets. The company also offers investment management services to pension plans, foundations, endowments and outsourcing services. CBRE Group, Inc, formerly known as CB Richard Ellis Group, Inc, is headquartered in Los Angeles, California.”
CBRE Group, Inc., incorporated on February 20, 2001, is a holding firm that conducts all of its activities through its subsidiaries. The Firm is a commercial real estate services and investment company. The Firm operates through the divisions: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Firm offers a range of services to occupiers, owners, lenders and investors in office, retail, industrial, multifamily and other types of commercial real estate. The Firm operates across the world providing commercial real estate services under the CBRE brand name, investment management services under the CBRE Global Investors brand name and development services under the Trammell Crow Company brand name.
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By Dolores Ford