RBC sees 'good entry point' into Close Brothers Group, upgrades shares
Close Brothers Group
232.60p
09:00 27/12/24
1.13%
2.60p
Analysts at RBC Capital Markets upgraded their recommendation for shares of Close Brothers Group from 'sector perform' to 'outperform'.
Banks
4,883.04
09:00 27/12/24
0.00%
4,883.04
FTSE 250
20,521.23
09:00 27/12/24
n/a
n/a
FTSE 350
4,487.71
09:00 27/12/24
n/a
n/a
FTSE All-Share
4,445.54
09:00 27/12/24
n/a
n/a
In their opinion, the merchant banking group's valuation now offered a "good entry point".
They further pointed out how Close Brothers' "consistency of earnings has meant that the stock has historically been defensive through recessions."
Their target price was bumped up from 1,250.0p to 1,300.0p.