Shares of Close Brothers Group plc (LON:CBG) have been given an average recommendation of “Hold” by the twelve analysts that are covering the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 1,472.56 ($18.22).
CBG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Close Brothers Group plc from GBX 1,500 ($18.56) to GBX 1,575 ($19.49) and gave the stock a ” overweight” rating in a report on Friday, September 30th. Barclays PLC reissued an “equal weight” rating on shares of Close Brothers Group plc in a report on Thursday, June 16th. Royal Bank Of Canada reissued a “sector performer” rating and issued a GBX 1,400 ($17.33) price target on shares of Close Brothers Group plc in a report on Friday, September 23rd. Peel Hunt downgraded shares of Close Brothers Group plc to an “add” rating and set a GBX 1,600 ($19.80) price target for the company. in a report on Tuesday, September 27th. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 1,500 ($18.56) price target on shares of Close Brothers Group plc in a report on Tuesday, September 27th.
Close Brothers Group plc (LON:CBG) traded up 0.99% during mid-day trading on Friday, reaching GBX 1332.00. The company had a trading volume of 352,558 shares. The firm has a 50-day moving average price of GBX 1,386.68 and a 200 day moving average price of GBX 1,275.98. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,547.00. The firm’s market capitalization is GBX 1.97 billion.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th will be issued a dividend of GBX 38 ($0.47) per share. This is an increase from Close Brothers Group plc’s previous dividend of $19.00. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, October 13th.
In related news, insider Jonathan Howell sold 149,292 shares of Close Brothers Group plc stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of GBX 1,378 ($17.05), for a total value of £2,057,243.76 ($2,546,093.76). Also, insider Elizabeth Lee sold 20,000 shares of Close Brothers Group plc stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($17.54), for a total transaction of £283,400 ($350,742.57).
About Close Brothers Group plc
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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