Close Brothers Group plc (CBG) Insider Preben Prebensen Buys 11 Shares
Close Brothers Group plc (LON:CBG) insider Preben Prebensen bought 11 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was purchased at an average price of GBX 1,376 ($17.96) per share, for a total transaction of £151.36 ($197.57).
Close Brothers Group plc (LON:CBG) opened at 1379.00 on Friday. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,554.00. The firm’s market capitalization is GBX 2.05 billion. The company’s 50 day moving average price is GBX 1,385.38 and its 200-day moving average price is GBX 1,272.84.
The business also recently announced a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th will be issued a GBX 38 ($0.50) dividend. 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.
CBG has been the topic of several research reports. Barclays PLC restated an “equal weight” rating on shares of Close Brothers Group plc in a research note on Thursday, June 16th. JPMorgan Chase & Co. cut 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 note on Wednesday, June 29th. Peel Hunt reaffirmed 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 Wednesday, July 20th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,184 ($15.45) price target on shares of Close Brothers Group plc in a research report on Thursday, July 21st. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,551 ($20.25) price target on shares of Close Brothers Group plc in a research report on Thursday, July 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 1,480.67 ($19.33).
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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