Close Brothers Group plc (LON:CBG) Receives GBX 1,732 Average Target Price from Analysts

Close Brothers Group plc (LON:CBG) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating 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 1,683.33 ($21.99).

Several analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on Close Brothers Group from GBX 1,700 ($22.21) to GBX 1,600 ($20.90) and set a “sector perform” rating on the stock in a research note on Friday, November 19th. JPMorgan Chase & Co. reduced their price objective on Close Brothers Group from GBX 1,640 ($21.43) to GBX 1,540 ($20.12) and set a “neutral” rating on the stock in a research note on Friday, November 19th. Liberum Capital reiterated a “hold” rating and issued a GBX 1,480 ($19.34) target price on shares of Close Brothers Group in a research report on Thursday, November 18th. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group in a research report on Thursday, November 18th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 1,826 ($23.86) target price on shares of Close Brothers Group in a research report on Thursday, November 18th.

LON:CBG traded up GBX 8 ($0.10) during trading hours on Thursday, hitting GBX 1,353 ($17.68). The company’s stock had a trading volume of 159,725 shares, compared to its average volume of 202,207. The stock has a fifty day simple moving average of GBX 1,493.93 and a 200-day simple moving average of GBX 1,541.13. The company has a market capitalization of £2.04 billion and a P/E ratio of 10.07. Close Brothers Group has a twelve month low of GBX 1,105 ($14.44) and a twelve month high of GBX 1,702 ($22.24).

The business also recently disclosed a dividend, which was paid on Tuesday, November 23rd. Stockholders of record on Thursday, October 14th were given a dividend of GBX 42 ($0.55) per share. This represents a dividend yield of 2.72%. This is an increase from Close Brothers Group’s previous dividend of $18.00. The ex-dividend date of this dividend was Thursday, October 14th. Close Brothers Group’s dividend payout ratio (DPR) is 0.43%.

In related news, insider Mike Morgan acquired 1,360 shares of the stock in a transaction dated Friday, October 15th. The stock was bought at an average cost of GBX 1,493 ($19.51) per share, for a total transaction of £20,304.80 ($26,528.35). Insiders have bought 1,390 shares of company stock valued at $2,075,964 over the last 90 days.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers various deposit products, including fixed term deposits and notice accounts.

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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