Close Brothers Group plc (CBG) Receives Consensus Rating of “Hold” from Brokerages
Close Brothers Group plc (LON:CBG) has earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company. Eight equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 1,472.56 ($18.22).
A number of analysts recently issued reports on CBG shares. 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 report on Friday, September 30th. Barclays PLC reaffirmed an “equal weight” rating on shares of Close Brothers Group plc in a research report on Thursday, June 16th. Royal Bank Of Canada reaffirmed a “sector performer” rating and issued a GBX 1,400 ($17.33) target price on shares of Close Brothers Group plc in a research report on Friday, September 23rd. Peel Hunt downgraded Close Brothers Group plc to an “add” rating and set a GBX 1,600 ($19.80) target price on the stock. in a research report on Tuesday, September 27th. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,500 ($18.56) target price on shares of Close Brothers Group plc in a research report on Tuesday, September 27th.
Shares of Close Brothers Group plc (LON:CBG) traded up 0.99% during trading on Friday, hitting GBX 1332.00. The stock had a trading volume of 352,558 shares. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,547.00. The stock’s 50-day moving average is GBX 1,386.68 and its 200-day moving average is GBX 1,275.98. The stock’s market capitalization is GBX 1.97 billion.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th will be issued a dividend of GBX 38 ($0.47) per share. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, October 13th. This is a boost from Close Brothers Group plc’s previous dividend of $19.00.
In related news, insider Elizabeth Lee sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($17.54), for a total value of £283,400 ($350,742.57). Also, insider Jonathan Howell sold 149,292 shares of the business’s stock in a transaction that occurred on 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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