JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Close Brothers Group plc (LON:CBG) in a research report report published on Wednesday. They currently have a GBX 1,500 ($19.58) price target on the stock.
Several other equities research analysts have also recently weighed in on the stock. Citigroup Inc. reissued a buy rating on shares of Close Brothers Group plc in a research report on Tuesday, September 13th. Royal Bank Of Canada reissued a sector performer rating and set a GBX 1,400 ($18.27) price target on shares of Close Brothers Group plc in a research report on Friday, September 23rd. Barclays PLC raised shares of Close Brothers Group plc to an overweight rating and set a GBX 1,300 ($16.97) price target for the company in a research report on Thursday, June 30th. Liberum Capital cut shares of Close Brothers Group plc to a hold rating and increased their price target for the company from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a research report on Thursday, August 18th. Finally, Numis Securities Ltd reissued a buy rating and set a GBX 1,551 ($20.25) price target on shares of Close Brothers Group plc in a research report on Wednesday, August 17th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 1,472.33 ($19.22).
Close Brothers Group plc (LON:CBG) traded up 0.07% during midday trading on Wednesday, hitting GBX 1394.00. 118,435 shares of the stock traded hands. The stock’s 50-day moving average price is GBX 1,379.27 and its 200-day moving average price is GBX 1,269.11. The stock’s market capitalization is GBX 2.07 billion. Close Brothers Group plc has a 52 week low of GBX 975.00 and a 52 week high of GBX 1,569.00.
The firm 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%. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date is Thursday, October 13th.
In related news, insider Elizabeth Lee sold 20,000 shares of the stock in a transaction dated 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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