Close Brothers Group plc (CBG) Receives “Add” Rating from Numis Securities Ltd
Close Brothers Group plc (LON:CBG)‘s stock had its “add” rating reiterated by stock analysts at Numis Securities Ltd in a research note issued on Thursday. They currently have a GBX 1,619 ($20.23) price target on the stock. Numis Securities Ltd’s price target indicates a potential upside of 19.93% from the company’s previous close.
CBG has been the subject of several other reports. Barclays PLC lifted their price objective on Close Brothers Group plc from GBX 1,400 ($17.49) to GBX 1,500 ($18.74) and gave the stock an “overweight” rating in a report on Wednesday, September 28th. Macquarie reissued a “neutral” rating and issued a GBX 1,341 ($16.75) price target on shares of Close Brothers Group plc in a report on Tuesday, October 11th. Royal Bank Of Canada reissued a “sector performer” rating and issued a GBX 1,400 ($17.49) price target on shares of Close Brothers Group plc in a report on Friday, September 23rd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,500 ($18.74) price target on shares of Close Brothers Group plc in a report on Wednesday, September 28th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,600 ($19.99) price target on shares of Close Brothers Group plc in a report on Wednesday, July 20th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,472.56 ($18.40).
Close Brothers Group plc (LON:CBG) opened at 1377.00 on Thursday. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,533.33. The company’s 50-day moving average price is GBX 1,344.38 and its 200-day moving average price is GBX 1,290.29. The stock’s market capitalization is GBX 2.03 billion.
The company also recently declared a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be given a dividend of GBX 38 ($0.47) per share. This represents a yield of 2.76%. 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.
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 stock was sold at an average price of GBX 1,417 ($17.70), for a total transaction of £283,400 ($354,072.96). Also, insider Jonathan Howell sold 149,292 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of GBX 1,378 ($17.22), for a total value of £2,057,243.76 ($2,570,269.57).
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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