A number of research firms have changed their ratings and price targets for Close Brothers Group plc (LON: CBG):

  • 10/3/2017 – Close Brothers Group plc had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 1,800 ($23.67) price target on the stock.
  • 9/28/2017 – Close Brothers Group plc had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a GBX 1,543 ($20.29) price target on the stock, up previously from GBX 1,506 ($19.80).
  • 9/27/2017 – Close Brothers Group plc had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 1,800 ($23.67) price target on the stock.
  • 9/27/2017 – Close Brothers Group plc had its price target lowered by analysts at Barclays PLC from GBX 1,550 ($20.38) to GBX 1,450 ($19.06). They now have an “equal weight” rating on the stock.
  • 9/26/2017 – Close Brothers Group plc had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 9/26/2017 – Close Brothers Group plc had its “hold” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 1,600 ($21.04) price target on the stock.
  • 9/26/2017 – Close Brothers Group plc had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 1,575 ($20.71) price target on the stock.
  • 9/26/2017 – Close Brothers Group plc had its “hold” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,535 ($20.18) price target on the stock.

Close Brothers Group plc (LON:CBG) opened at 1473.00 on Wednesday. The stock’s 50 day moving average price is GBX 1,514.16 and its 200-day moving average price is GBX 1,553.95. The company’s market capitalization is GBX 2.20 billion. Close Brothers Group plc has a 52-week low of GBX 1,222.00 and a 52-week high of GBX 1,715.00.

Close Brothers Group plc (LON:CBG) last issued its quarterly earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). The firm had revenue of £765.60 million for the quarter. Close Brothers Group plc had a return on equity of 17.25% and a net margin of 23.84%. Analysts predict that Close Brothers Group plc will post $129.77 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Thursday, October 12th will be paid a dividend of GBX 40 ($0.53) per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 2.71%. This is a positive change from Close Brothers Group plc’s previous dividend of $20.00.

In other Close Brothers Group plc news, insider Jonathan Howell sold 17,363 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.30), for a total transaction of £254,888.84 ($335,115.49). Also, insider Rebekah Etherington sold 19,477 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of GBX 1,474 ($19.38), for a total value of £287,090.98 ($377,453.30). Insiders have acquired 30 shares of company stock worth $45,250 in the last three months.

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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