Elizabeth Lee Sells 20,000 Shares of Close Brothers Group plc (CBG) Stock

Close Brothers Group plc (LON:CBG) insider Elizabeth Lee sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($18.50), for a total transaction of £283,400 ($369,925.60).

Close Brothers Group plc (LON:CBG) traded up 1.09% during midday trading on Wednesday, hitting GBX 1393.00. 292,827 shares of the company traded hands. The stock’s 50-day moving average price is GBX 1,377.19 and its 200 day moving average price is GBX 1,268.31. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,569.00. The company’s market capitalization is GBX 2.07 billion.

The business also recently disclosed 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 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.

A number of equities research analysts recently issued reports on the stock. Liberum Capital cut shares of Close Brothers Group plc to a “hold” rating and upped their price objective for the stock from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a report on Thursday, August 18th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,600 ($20.89) price objective on shares of Close Brothers Group plc in a report on Tuesday, July 26th. Citigroup Inc. reiterated a “buy” rating on shares of Close Brothers Group plc in a report on Tuesday, September 13th. Barclays PLC upped their price objective on shares of Close Brothers Group plc from GBX 1,400 ($18.27) to GBX 1,500 ($19.58) and gave the stock an “overweight” rating in a report on Wednesday. Finally, Numis Securities Ltd cut shares of Close Brothers Group plc to a “hold” rating and set a GBX 1,551 ($20.25) price objective for the company. in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,472.33 ($19.22).

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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