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 Close Brothers Group plc stock in a transaction dated Tuesday, September 27th. The stock was 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 (LON:CBG) traded up 1.09% during trading on Wednesday, hitting GBX 1393.00. The stock had a trading volume of 292,827 shares. 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 cap is GBX 2.07 billion. The stock has a 50-day moving average price of GBX 1,377.19 and a 200-day moving average price of GBX 1,268.31.
The firm also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th will be issued a GBX 38 ($0.50) dividend. The ex-dividend date of this dividend is Thursday, October 13th. This is a boost from Close Brothers Group plc’s previous dividend of $19.00. This represents a yield of 2.76%.
CBG has been the topic of a number of analyst reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Close Brothers Group plc in a research report on Tuesday, September 13th. Royal Bank Of Canada reaffirmed a “sector performer” rating and set a GBX 1,400 ($18.27) target price on shares of Close Brothers Group plc in a research report on Friday, September 23rd. JPMorgan Chase & Co. dropped their target price on Close Brothers Group plc from GBX 1,600 ($20.89) to GBX 1,400 ($18.27) and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Barclays PLC raised Close Brothers Group plc to an “overweight” rating and set a GBX 1,300 ($16.97) target price on the stock in a research report on Thursday, June 30th. Finally, Liberum Capital lowered Close Brothers Group plc to a “hold” rating and boosted their price objective for the company from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a report on Thursday, August 18th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Close Brothers Group plc has an average rating of “Hold” and an average price target of GBX 1,472.33 ($19.22).
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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