Close Brothers Group plc (CBG) Stock Rating Reaffirmed by Shore Capital
Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reaffirmed by research analysts at Shore Capital in a research report issued to clients and investors on Thursday.
Other equities analysts have also recently issued reports about the company. Numis Securities Ltd reiterated an “add” rating and set a GBX 1,619 ($20.23) price target on shares of Close Brothers Group plc in a report on Thursday. Peel Hunt reiterated an “add” rating and set a GBX 1,600 ($19.99) price target on shares of Close Brothers Group plc in a report on Thursday. Panmure Gordon reiterated a “hold” rating and set a GBX 1,500 ($18.74) price target on shares of Close Brothers Group plc in a report on Tuesday, September 27th. Citigroup Inc. reiterated a “buy” rating on shares of Close Brothers Group plc in a report on Tuesday, September 13th. Finally, JPMorgan Chase & Co. increased their price target 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 Friday, July 22nd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,472.56 ($18.40).
Close Brothers Group plc (LON:CBG) opened at 1377.00 on Thursday. The company’s market capitalization is GBX 2.03 billion. The firm has a 50-day moving average of GBX 1,344.38 and a 200-day moving average of GBX 1,290.29. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,533.33.
The business also recently declared a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be given a GBX 38 ($0.47) dividend. The ex-dividend date is Thursday, October 13th. This represents a yield of 2.76%. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00.
In other Close Brothers Group plc news, insider Jonathan Howell sold 149,292 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of GBX 1,378 ($17.22), for a total value of £2,057,243.76 ($2,570,269.57). Also, insider Elizabeth Lee sold 20,000 shares of the stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of GBX 1,417 ($17.70), for a total value of £283,400 ($354,072.96).
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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