Close Brothers Group plc (CBG) Receives “Buy” Rating from FinnCap
Close Brothers Group plc (LON:CBG)‘s stock had its “buy” rating reaffirmed by investment analysts at FinnCap in a research report issued on Thursday.
A number of other research analysts have also issued reports on CBG. Barclays PLC restated an “equal weight” rating on shares of Close Brothers Group plc in a research report on Thursday, June 16th. JPMorgan Chase & Co. reduced their price target on Close Brothers Group plc from GBX 1,600 ($19.80) to GBX 1,400 ($17.33) and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Peel Hunt reiterated a “buy” rating and set a GBX 1,600 ($19.80) price target on shares of Close Brothers Group plc in a research report on Wednesday, July 20th. Liberum Capital reiterated a “buy” rating and set a GBX 1,184 ($14.65) price target on shares of Close Brothers Group plc in a research report on Thursday, July 21st. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 1,551 ($19.20) price target on shares of Close Brothers Group plc in a research report on Thursday, July 21st. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Close Brothers Group plc has an average rating of “Hold” and an average price target of GBX 1,472.56 ($18.22).
Close Brothers Group plc (LON:CBG) traded down 2.37% during mid-day trading on Thursday, reaching GBX 1319.00. The company had a trading volume of 1,220,111 shares. The firm’s market capitalization is GBX 1.95 billion. Close Brothers Group plc has a 12 month low of GBX 975.00 and a 12 month high of GBX 1,547.00. The stock’s 50-day moving average is GBX 1,386.68 and its 200 day moving average is GBX 1,275.98.
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The business also recently announced a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th will be given a dividend of GBX 38 ($0.47) per share. The ex-dividend date of this dividend is Thursday, October 13th. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00. This represents a dividend yield of 2.76%.
In other news, insider Jonathan Howell sold 149,292 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of GBX 1,378 ($17.05), for a total transaction of £2,057,243.76 ($2,546,093.76). Also, insider Elizabeth Lee sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($17.54), for a total value of £283,400 ($350,742.57).
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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