Close Brothers Group plc (CBG) Receives Neutral Rating from Macquarie
A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. lifted their target price on Close Brothers Group plc from GBX 1,500 ($18.56) to GBX 1,575 ($19.49) and gave the company a overweight rating in a research note on Friday, September 30th. Royal Bank Of Canada restated a sector performer rating and issued a GBX 1,400 ($17.33) target price on shares of Close Brothers Group plc in a research note on Friday, September 30th. Numis Securities Ltd upgraded Close Brothers Group plc to an add rating and set a GBX 1,619 ($20.04) target price for the company in a research note on Wednesday, September 28th. Barclays PLC lifted their target price on Close Brothers Group plc from GBX 1,400 ($17.33) to GBX 1,500 ($18.56) and gave the company an overweight rating in a research note on Wednesday, September 28th. Finally, Liberum Capital restated a hold rating and issued a GBX 1,398 ($17.30) target price on shares of Close Brothers Group plc in a research note on Tuesday, September 27th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 1,472.56 ($18.22).
Shares of Close Brothers Group plc (LON:CBG) traded up 0.80% during mid-day trading on Tuesday, hitting GBX 1393.00. The stock had a trading volume of 572,101 shares. The company’s market cap is GBX 2.06 billion. The stock has a 50 day moving average price of GBX 1,387.00 and a 200-day moving average price of GBX 1,274.88. Close Brothers Group plc has a 52-week low of GBX 975.00 and a 52-week high of GBX 1,547.00.
The company also recently announced a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th will be issued a dividend of GBX 38 ($0.47) per share. This is a boost from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 2.76%.
In other Close Brothers Group plc news, insider Jonathan Howell sold 149,292 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of GBX 1,378 ($17.05), for a total value of £2,057,243.76 ($2,546,093.76). Also, insider Elizabeth Lee sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of GBX 1,417 ($17.54), for a total value of £283,400 ($350,742.57).
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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