Close Brothers Group plc (CBG) Price Target Increased to GBX 1,575 by Analysts at JPMorgan Chase & Co.
Close Brothers Group plc (LON:CBG) had its price target lifted by JPMorgan Chase & Co. from GBX 1,500 ($19.58) to GBX 1,575 ($20.56) in a research note issued to investors on Friday morning. They currently have a overweight rating on the stock.
CBG has been the topic of several other research reports. Liberum Capital lowered shares of Close Brothers Group plc to a hold rating and increased their price target for the stock from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a research report on Thursday, August 18th. Peel Hunt reiterated a buy rating and set a GBX 1,600 ($20.89) price target on shares of Close Brothers Group plc in a research report on Tuesday, July 26th. Citigroup Inc. reiterated a buy rating on shares of Close Brothers Group plc in a research report on Tuesday, September 13th. Barclays PLC increased their price target 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 research report on Wednesday, September 28th. Finally, Numis Securities Ltd lowered shares of Close Brothers Group plc to a hold rating and set a GBX 1,551 ($20.25) price target on the stock. in a research report on Tuesday, September 27th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 1,480.67 ($19.33).
Shares of Close Brothers Group plc (LON:CBG) traded up 0.20% during mid-day trading on Friday, hitting GBX 1372.80. 296,921 shares of the company’s stock traded hands. The firm has a 50-day moving average of GBX 1,381.59 and a 200 day moving average of GBX 1,270.57. The company’s market cap is GBX 2.04 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. Stockholders 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%. The ex-dividend date of this dividend is Thursday, October 13th. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00.
In other news, insider Elizabeth Lee sold 20,000 shares of Close Brothers Group plc stock in a transaction on 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).
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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