Close Brothers Group plc (CBG) Stock Rating Reaffirmed by FinnCap
Close Brothers Group plc (LON:CBG)‘s stock had its “buy” rating reaffirmed by analysts at FinnCap in a research note issued to investors on Thursday.
CBG has been the topic of a number of other research reports. Barclays PLC raised their price target on Close Brothers Group plc from GBX 1,400 ($17.33) to GBX 1,500 ($18.56) and gave the stock an “overweight” rating in a research report on Wednesday, September 28th. Royal Bank Of Canada restated a “sector performer” rating and issued a GBX 1,400 ($17.33) price target on shares of Close Brothers Group plc in a research report on Friday, September 23rd. JPMorgan Chase & Co. raised their price target on Close Brothers Group plc from GBX 1,500 ($18.56) to GBX 1,575 ($19.49) and gave the stock a ” overweight” rating in a research report on Friday, September 30th. Peel Hunt restated a “buy” rating and issued a GBX 1,600 ($19.80) price target on shares of Close Brothers Group plc in a research report on Wednesday, July 20th. Finally, Numis Securities Ltd decreased their price target on Close Brothers Group plc from GBX 1,545 ($19.12) to GBX 1,540 ($19.06) and set an “add” rating on the stock in a research report on Thursday, August 25th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,472.56 ($18.22).
Shares of Close Brothers Group plc (LON:CBG) opened at 1326.00 on Thursday. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,547.00. The firm’s 50-day moving average price is GBX 1,388.03 and its 200 day moving average price is GBX 1,275.67. The company’s market capitalization is GBX 1.96 billion.
The company also recently declared a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th will be paid a dividend of GBX 38 ($0.47) per share. This represents a dividend yield of 2.76%. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date is Thursday, October 13th.
In other news, insider Elizabeth Lee sold 20,000 shares of Close Brothers Group plc stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($17.54), for a total transaction of £283,400 ($350,742.57). Also, insider Jonathan Howell sold 149,292 shares of Close Brothers Group plc stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of GBX 1,378 ($17.05), for a total value of £2,057,243.76 ($2,546,093.76).
About Close Brothers Group plc
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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