Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reiterated by equities research analysts at Panmure Gordon in a research report issued on Tuesday. They currently have a GBX 1,500 ($19.58) price target on the stock. Panmure Gordon’s target price suggests a potential upside of 7.68% from the company’s current price.
Other equities analysts have also issued reports about the stock. Citigroup Inc. reissued a “buy” rating on shares of Close Brothers Group plc in a research report on Tuesday, September 13th. Numis Securities Ltd lowered shares of Close Brothers Group plc to a “hold” rating and set a GBX 1,551 ($20.25) price objective on the stock. in a research report on Tuesday. JPMorgan Chase & Co. increased 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 company an “overweight” rating in a research report on Friday, July 22nd. Peel Hunt reissued a “buy” rating and issued a GBX 1,600 ($20.89) price objective on shares of Close Brothers Group plc in a research report on Tuesday, July 26th. Finally, Barclays PLC upped their price target on shares of Close Brothers Group plc from GBX 1,350 ($17.62) to GBX 1,400 ($18.27) and gave the company an “overweight” rating in a research note on Tuesday, July 26th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,472.33 ($19.22).
Close Brothers Group plc (LON:CBG) opened at 1393.00 on Tuesday. Close Brothers Group plc has a 52 week low of GBX 975.00 and a 52 week high of GBX 1,569.00. The company’s market capitalization is GBX 2089.06 billion. The firm has a 50 day moving average of GBX 1,379.27 and a 200-day moving average of GBX 1,269.11.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be paid a dividend of GBX 38 ($0.50) per share. This represents a yield of 2.76%. This is an increase from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date is Thursday, October 13th.
In other Close Brothers Group plc 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 transaction of £283,400 ($369,925.60).
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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