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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