JPMorgan Chase & Co. restated their overweight rating on shares of Close Brothers Group plc (LON:CBG) in a research report report published on Wednesday morning. They currently have a GBX 1,650 ($20.38) target price on the stock.

Several other research firms also recently commented on CBG. Barclays PLC reaffirmed an equal weight rating and issued a GBX 1,550 ($19.14) price objective on shares of Close Brothers Group plc in a report on Wednesday, March 15th. Liberum Capital reaffirmed a hold rating and issued a GBX 1,400 ($17.29) price objective on shares of Close Brothers Group plc in a report on Tuesday, March 14th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 1,779 ($21.97) price objective on shares of Close Brothers Group plc in a report on Tuesday, March 14th. Peel Hunt reaffirmed an add rating and issued a GBX 1,600 ($19.76) price objective on shares of Close Brothers Group plc in a report on Tuesday, March 14th. Finally, Shore Capital reaffirmed a hold rating on shares of Close Brothers Group plc in a report on Tuesday, March 14th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Close Brothers Group plc has an average rating of Hold and a consensus target price of GBX 1,557.22 ($19.23).

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

Shares of Close Brothers Group plc (LON:CBG) opened at 1582.00 on Wednesday. The company’s market cap is GBX 2.35 billion. The firm’s 50 day moving average is GBX 1,505.53 and its 200-day moving average is GBX 1,419.25. Close Brothers Group plc has a 1-year low of GBX 975.00 and a 1-year high of GBX 1,593.00.

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The company also recently declared a dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Thursday, March 23rd will be issued a GBX 20 ($0.25) dividend. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 23rd.

In other news, insider Elizabeth Lee sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of GBX 1,557 ($19.23), for a total transaction of £93,420 ($115,376.07). Also, insider Rebekah Etherington sold 966 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of GBX 1,434 ($17.71), for a total transaction of £13,852.44 ($17,108.11).

Close Brothers Group plc 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.

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