Shares of Close Brothers Group plc (LON:CBG) have been given an average recommendation of “Hold” by the twelve research firms that are currently covering the firm. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,480.89 ($18.50).

CBG has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,500 ($18.74) price objective on shares of Close Brothers Group plc in a research note on Wednesday, September 28th. Citigroup Inc. reaffirmed a “buy” rating on shares of Close Brothers Group plc in a research note on Tuesday, September 13th. Royal Bank Of Canada reaffirmed a “sector performer” rating and issued a GBX 1,400 ($17.49) price objective on shares of Close Brothers Group plc in a research note on Friday, September 23rd. Barclays PLC raised their price objective on shares of Close Brothers Group plc from GBX 1,400 ($17.49) to GBX 1,500 ($18.74) and gave the company an “overweight” rating in a research note on Wednesday, September 28th. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,500 ($18.74) price objective on shares of Close Brothers Group plc in a research note on Tuesday, September 27th.

Close Brothers Group plc (LON:CBG) traded up 0.65% on Friday, hitting GBX 1394.00. 390,120 shares of the stock traded hands. Close Brothers Group plc has a 52 week low of GBX 975.00 and a 52 week high of GBX 1,533.33. The stock has a 50 day moving average of GBX 1,344.57 and a 200 day moving average of GBX 1,290.95. The firm’s market capitalization is GBX 2.06 billion.

The business also recently disclosed 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 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 news, 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 ($17.22), for a total value of £2,057,243.76 ($2,570,269.57). Also, 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 ($17.70), for a total transaction 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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