Rebekah Etherington Sells 19,477 Shares of Close Brothers Group plc (CBG) Stock
Close Brothers Group plc (LON:CBG) insider Rebekah Etherington sold 19,477 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of GBX 1,474 ($19.55), for a total transaction of £287,090.98 ($380,807.77).
Rebekah Etherington also recently made the following trade(s):
- On Tuesday, September 5th, Rebekah Etherington purchased 10 shares of Close Brothers Group plc stock. The shares were purchased at an average price of GBX 1,535 ($20.36) per share, for a total transaction of £153.50 ($203.61).
Shares of Close Brothers Group plc (LON:CBG) traded up 0.20% on Wednesday, reaching GBX 1475.00. The company’s stock had a trading volume of 176,743 shares. The firm’s 50-day moving average price is GBX 1,519.58 and its 200-day moving average price is GBX 1,556.65. Close Brothers Group plc has a 12 month low of GBX 1,222.00 and a 12 month high of GBX 1,715.00. The stock’s market cap is GBX 2.20 billion.
Close Brothers Group plc (LON:CBG) last announced its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.75) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 130.10 ($1.73) by GBX 1.60 ($0.02). Close Brothers Group plc had a net margin of 23.84% and a return on equity of 17.25%. The business had revenue of £765.60 million during the quarter. On average, analysts forecast that Close Brothers Group plc will post $129.77 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Thursday, October 12th will be issued a GBX 40 ($0.53) dividend. This is a positive change from Close Brothers Group plc’s previous dividend of $20.00. The ex-dividend date is Thursday, October 12th. This represents a dividend yield of 2.71%.
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CBG has been the topic of a number of recent analyst reports. Numis Securities Ltd cut shares of Close Brothers Group plc to a “hold” rating and decreased their price objective for the company from GBX 1,779 ($23.60) to GBX 1,557 ($20.65) in a research note on Monday, July 3rd. J P Morgan Chase & Co upped their target price on Close Brothers Group plc from GBX 1,780 ($23.61) to GBX 1,800 ($23.88) and gave the stock an “overweight” rating in a research note on Monday, July 24th. Peel Hunt restated a “hold” rating and set a GBX 1,600 ($21.22) target price on shares of Close Brothers Group plc in a research note on Friday, July 21st. Liberum Capital upped their target price on Close Brothers Group plc from GBX 1,400 ($18.57) to GBX 1,535 ($20.36) and gave the stock a “hold” rating in a research note on Friday, July 14th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,550 ($20.56) target price on shares of Close Brothers Group plc in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,554.13 ($20.61).
About Close Brothers Group plc
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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