Close Brothers Group plc (CBG) Rating Reiterated by Shore Capital
Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a research report issued to clients and investors on Friday.
A number of other research analysts have also recently commented on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,600 ($20.81) target price on shares of Close Brothers Group plc in a research report on Monday, March 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,650 ($21.46) target price on shares of Close Brothers Group plc in a research report on Monday, January 23rd. Liberum Capital reissued a “hold” rating and set a GBX 1,400 ($18.21) price target on shares of Close Brothers Group plc in a research report on Tuesday, March 14th. Barclays PLC reissued an “equal weight” rating and set a GBX 1,550 ($20.16) price target on shares of Close Brothers Group plc in a research report on Wednesday, March 15th. Finally, Numis Securities Ltd raised shares of Close Brothers Group plc to a “buy” rating and set a GBX 1,779 ($23.14) price target on the stock in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,549.44 ($20.16).
Close Brothers Group plc (LON:CBG) traded down 0.50% on Friday, reaching GBX 1598.00. 366,246 shares of the company’s stock were exchanged. The stock’s market cap is GBX 2.37 billion. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,715.00. The firm has a 50 day moving average of GBX 1,631.00 and a 200-day moving average of GBX 1,493.75.
The firm also recently declared a dividend, which was paid on Wednesday, April 26th. Stockholders of record on Thursday, March 23rd were given a dividend of GBX 20 ($0.26) per share. The ex-dividend date of this dividend was Thursday, March 23rd. This represents a dividend yield of 1.28%.
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In other news, insider Elizabeth Lee sold 6,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of GBX 1,557 ($20.25), for a total transaction of £93,420 ($121,529.86). Insiders have bought 32 shares of company stock worth $50,606 in the last three months.
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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