Close Brothers Group plc (LON:CBG) insider Preben Prebensen purchased 11 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was purchased at an average cost of GBX 1,376 ($17.03) per share, for a total transaction of £151.36 ($187.33).
Close Brothers Group plc (LON:CBG) opened at 1368.36 on Tuesday. The company’s 50-day moving average price is GBX 1,387.14 and its 200-day moving average price is GBX 1,273.93. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,547.00. The company’s market cap is GBX 2052.11 billion.
The company also recently declared a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be given a dividend of GBX 38 ($0.47) per share. The ex-dividend date is Thursday, October 13th. This represents a yield of 2.76%. This is a boost from Close Brothers Group plc’s previous dividend of $19.00.
CBG has been the topic of several recent research reports. Barclays PLC lifted their price target on Close Brothers Group plc from GBX 1,400 ($17.33) to GBX 1,500 ($18.56) and gave the company an “overweight” rating in a research note on Wednesday, September 28th. 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 research note on Friday, September 23rd. JPMorgan Chase & Co. lifted their price target on Close Brothers Group plc from GBX 1,500 ($18.56) to GBX 1,575 ($19.49) and gave the company a ” overweight” rating in a research note on Friday, September 30th. Peel Hunt reissued a “buy” rating and issued a GBX 1,600 ($19.80) price target on shares of Close Brothers Group plc in a research note on Wednesday, July 20th. Finally, Numis Securities Ltd decreased their price objective on Close Brothers Group plc from GBX 1,545 ($19.12) to GBX 1,540 ($19.06) and set an “add” rating for the company in a report on Thursday, August 25th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,480.67 ($18.33).
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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