Close Brothers Group plc (LON:CBG) had its target price boosted by research analysts at Barclays PLC from GBX 1,400 ($18.27) to GBX 1,500 ($19.58) in a research note issued on Wednesday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price target would suggest a potential upside of 8.85% from the stock’s current price.
Several other research analysts have also commented on CBG. JPMorgan Chase & Co. cut their price target on shares of Close Brothers Group plc from GBX 1,600 ($20.89) to GBX 1,400 ($18.27) and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Peel Hunt restated a “buy” rating and issued a GBX 1,600 ($20.89) price target on shares of Close Brothers Group plc in a report on Wednesday, July 20th. Liberum Capital restated a “buy” rating and issued a GBX 1,184 ($15.45) price target on shares of Close Brothers Group plc in a report on Thursday, July 21st. Numis Securities Ltd restated a “buy” rating and issued a GBX 1,551 ($20.25) price target on shares of Close Brothers Group plc in a report on Thursday, July 21st. Finally, Citigroup Inc. restated a “buy” rating on shares of Close Brothers Group plc in a report on Tuesday, September 13th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Close Brothers Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 1,472.33 ($19.22).
Close Brothers Group plc (LON:CBG) opened at 1353.00 on Wednesday. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,569.00. The firm has a 50-day moving average of GBX 1,380.51 and a 200-day moving average of GBX 1,269.87. The stock’s market cap is GBX 2.01 billion.
The business also recently declared a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th will be paid a GBX 38 ($0.50) dividend. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, October 13th. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00.
In related news, insider Elizabeth Lee sold 20,000 shares of Close Brothers Group plc stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of GBX 1,417 ($18.50), for a total value of £283,400 ($369,925.60).
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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