J P Morgan Chase & Co reiterated their overweight rating on shares of Close Brothers Group plc (LON:CBG) in a research note issued to investors on Friday. J P Morgan Chase & Co currently has a GBX 1,800 ($23.67) price target on the stock.

A number of other research analysts have also recently issued reports on CBG. Peel Hunt reiterated a hold rating and set a GBX 1,600 ($21.04) price objective on shares of Close Brothers Group plc in a research note on Friday, July 21st. Numis Securities Ltd reissued a hold rating and issued a GBX 1,575 ($20.72) target price on shares of Close Brothers Group plc in a report on Friday, July 21st. Barclays PLC reissued an equal weight rating and issued a GBX 1,550 ($20.39) target price on shares of Close Brothers Group plc in a report on Monday, July 24th. Shore Capital reissued a hold rating on shares of Close Brothers Group plc in a report on Tuesday, September 26th. Finally, Liberum Capital reissued a hold rating and issued a GBX 1,535 ($20.19) target price on shares of Close Brothers Group plc in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,551.33 ($20.40).

Close Brothers Group plc (LON CBG) opened at GBX 1,399 ($18.40) on Friday. Close Brothers Group plc has a one year low of GBX 1,315 ($17.30) and a one year high of GBX 1,715 ($22.56).

Close Brothers Group plc (LON:CBG) last announced its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). The business had revenue of £765.60 million during the quarter. Close Brothers Group plc had a return on equity of 15.84% and a net margin of 22.76%.

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The company also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Investors of record on Thursday, October 12th will be issued a GBX 40 ($0.53) dividend. The ex-dividend date is Thursday, October 12th. This represents a dividend yield of 2.71%. This is a positive change from Close Brothers Group plc’s previous dividend of $20.00.

In related news, insider Rebekah Etherington sold 779 shares of Close Brothers Group plc stock in a transaction on Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.19), for a total value of £8,997.45 ($11,834.08). Also, insider Jonathan Howell sold 17,363 shares of Close Brothers Group plc stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.31), for a total value of £254,888.84 ($335,247.72). In the last ninety days, insiders purchased 31 shares of company stock valued at $45,225 and sold 37,619 shares valued at $55,097,727.

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.

Analyst Recommendations for Close Brothers Group plc (LON:CBG)

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