CBG has been the topic of a number of other research reports. Panmure Gordon reaffirmed a hold rating and issued a GBX 1,500 ($19.58) price target on shares of Close Brothers Group plc in a research note on Tuesday. Numis Securities Ltd lowered shares of Close Brothers Group plc to a hold rating and set a GBX 1,551 ($20.25) price target on the stock. in a research note on Tuesday. Citigroup Inc. reaffirmed a buy rating on shares of Close Brothers Group plc in a research note on Tuesday, September 13th. JPMorgan Chase & Co. lifted their price target on shares of Close Brothers Group plc from GBX 1,400 ($18.27) to GBX 1,500 ($19.58) and gave the company an overweight rating in a research note on Friday, July 22nd. Finally, Barclays PLC lifted their price target on shares of Close Brothers Group plc from GBX 1,350 ($17.62) to GBX 1,400 ($18.27) and gave the company an overweight rating in a research note on Tuesday, July 26th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 1,472.33 ($19.22).
Close Brothers Group plc (LON:CBG) opened at 1390.00 on Tuesday. The firm’s market cap is GBX 2.06 billion. The firm has a 50-day moving average of GBX 1,377.19 and a 200 day moving average of GBX 1,268.31. Close Brothers Group plc has a 1-year low of GBX 975.00 and a 1-year high of GBX 1,569.00.
The company also recently announced a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th will be issued a dividend of GBX 38 ($0.50) per share. This represents a yield of 2.76%. This is an increase from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date of this dividend is Thursday, October 13th.
Close Brothers Group plc Company Profile
Close Brothers Group plc is a United Kingdom-based merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three divisions: banking, which provides a range of lending products to the United Kingdom small and medium enterprises (SMEs), as well as installment payment solutions to the United Kingdom retail borrowers; securities, which provides dealing and execution services to financial institutions through Winterflood, and asset management, which provides wealth management service for individuals, incorporating both financial planning advice and investment management.
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