Close Brothers Group plc (CBG) Receives Sector Performer Rating from Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their sector performer rating on shares of Close Brothers Group plc (LON:CBG) in a research note issued to investors on Friday morning. Royal Bank Of Canada currently has a GBX 1,400 ($18.27) target price on the stock.
Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,500 ($19.58) price objective on shares of Close Brothers Group plc in a research report on Wednesday, September 28th. Citigroup Inc. restated a buy rating on shares of Close Brothers Group plc in a research report on Tuesday, September 13th. Barclays PLC upgraded shares of Close Brothers Group plc to an overweight rating and set a GBX 1,300 ($16.97) price target on the stock in a research report on Thursday, June 30th. Liberum Capital cut shares of Close Brothers Group plc to a hold rating and boosted 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. Finally, Panmure Gordon restated a hold rating and issued a GBX 1,500 ($19.58) price target on shares of Close Brothers Group plc 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 stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,480.67 ($19.33).
Close Brothers Group plc (LON:CBG) traded up 0.20% during midday trading on Friday, hitting GBX 1372.80. 296,921 shares of the stock traded hands. The firm’s 50-day moving average is GBX 1,381.59 and its 200-day moving average is GBX 1,270.57. 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 2.04 billion.
The company also recently announced a dividend, which will be paid on Tuesday, November 22nd. Shareholders 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 an increase from Close Brothers Group plc’s previous dividend of $19.00. This represents a yield of 2.76%.
In other Close Brothers Group plc news, insider Elizabeth Lee sold 20,000 shares of the business’s 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 value 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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