Liberum Capital restated their hold rating on shares of Close Brothers Group (LON:CBG) in a research note released on Friday morning. The brokerage currently has a GBX 1,464 ($19.70) target price on the stock.

Several other research firms have also weighed in on CBG. Jefferies Group reaffirmed a hold rating and set a GBX 1,543 ($20.77) price objective (up previously from GBX 1,506 ($20.27)) on shares of Close Brothers Group in a report on Thursday, September 28th. Peel Hunt reaffirmed a buy rating and set a GBX 1,600 ($21.53) price objective on shares of Close Brothers Group in a report on Thursday, November 23rd. Berenberg Bank started coverage on shares of Close Brothers Group in a report on Wednesday, November 29th. They set a buy rating and a GBX 1,515 ($20.39) price objective for the company. Barclays dropped their price objective on shares of Close Brothers Group from GBX 1,550 ($20.86) to GBX 1,450 ($19.52) and set an equal weight rating for the company in a report on Wednesday, September 27th. Finally, Shore Capital reaffirmed a hold rating on shares of Close Brothers Group in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 1,518.50 ($20.44).

Shares of Close Brothers Group (CBG) opened at GBX 1,423 ($19.15) on Friday. Close Brothers Group has a fifty-two week low of GBX 1,315 ($17.70) and a fifty-two week high of GBX 1,715 ($23.08).

Close Brothers Group (LON:CBG) last posted its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). The company had revenue of £765.60 million during the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.

The business also recently declared a dividend, which was paid on Tuesday, November 21st. Stockholders of record on Thursday, October 12th were paid a dividend of GBX 40 ($0.54) per share. This is a boost from Close Brothers Group’s previous dividend of $20.00. This represents a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 12th.

In other news, insider Jonathan Howell sold 17,363 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.76), for a total transaction of £254,888.84 ($343,053.62). Also, insider Rebekah Etherington sold 19,477 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of GBX 1,474 ($19.84), for a total transaction of £287,090.98 ($386,394.32). Over the last three months, insiders have bought 42 shares of company stock worth $59,318 and have sold 37,619 shares worth $55,097,727.

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Close Brothers Group Company Profile

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 (LON:CBG)

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