Close Brothers Group plc (CBG) Stock Rating Reaffirmed by Barclays PLC
Close Brothers Group plc (LON:CBG)‘s stock had its “overweight” rating restated by Barclays PLC in a note issued to investors on Monday. They currently have a GBX 1,500 ($18.61) price objective on the stock. Barclays PLC’s price target points to a potential upside of 9.73% from the company’s current price.
A number of other equities analysts have also recently weighed in on CBG. JPMorgan Chase & Co. upped their price objective on shares of Close Brothers Group plc from GBX 1,500 ($18.61) to GBX 1,575 ($19.54) and gave the company a ” overweight” rating in a research report on Friday, September 30th. Numis Securities Ltd reissued an “add” rating and issued a GBX 1,619 ($20.08) price objective on shares of Close Brothers Group plc in a research report on Thursday, November 17th. Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a research note on Thursday, November 17th. Royal Bank Of Canada restated a “sector performer” rating and issued a GBX 1,400 ($17.37) target price on shares of Close Brothers Group plc in a research note on Friday, September 30th. Finally, Peel Hunt restated an “add” rating and issued a GBX 1,600 ($19.85) target price on shares of Close Brothers Group plc in a research note on Thursday, November 17th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,480.89 ($18.37).
Shares of Close Brothers Group plc (LON:CBG) opened at 1368.00 on Monday. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,477.00. The stock’s market cap is GBX 2.02 billion. The firm has a 50-day moving average price of GBX 1,342.33 and a 200-day moving average price of GBX 1,300.51.
The firm also recently disclosed a dividend, which was paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th were paid a dividend of GBX 38 ($0.47) per share. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date of this dividend was Thursday, October 13th. This represents a yield of 2.76%.
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In related news, 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 ($17.58), for a total transaction of £283,400 ($351,569.28). Also, 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 ($17.09), for a total transaction of £2,057,243.76 ($2,552,094.98).
About Close Brothers Group plc
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance.
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