Several brokerages have updated their recommendations and price targets on shares of Close Brothers Group (LON: CBG) in the last few weeks:

  • 11/29/2017 – Close Brothers Group is now covered by analysts at Berenberg Bank. They set a “buy” rating and a GBX 1,515 ($20.39) price target on the stock.
  • 11/23/2017 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,464 ($19.70) price target on the stock.
  • 11/23/2017 – Close Brothers Group had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 1,600 ($21.53) price target on the stock.
  • 11/23/2017 – Close Brothers Group had its “underperform” rating reaffirmed by analysts at Macquarie. They now have a GBX 1,138 ($15.32) price target on the stock.
  • 11/17/2017 – Close Brothers Group had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 1,800 ($24.23) price target on the stock.
  • 11/16/2017 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,464 ($19.70) price target on the stock.
  • 11/16/2017 – Close Brothers Group was upgraded by analysts at Peel Hunt to a “buy” rating. They now have a GBX 1,600 ($21.53) price target on the stock.
  • 11/16/2017 – Close Brothers Group had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 11/2/2017 – Close Brothers Group was upgraded by analysts at Royal Bank Of Canada to an “outperform” rating. They now have a GBX 1,600 ($21.53) price target on the stock.
  • 10/27/2017 – Close Brothers Group had its price target lowered by analysts at Liberum Capital from GBX 1,535 ($20.66) to GBX 1,464 ($19.70). They now have a “hold” rating on the stock.

Shares of Close Brothers Group plc (LON:CBG) traded up GBX 7 ($0.09) during trading hours on Thursday, hitting GBX 1,388 ($18.68). 570,669 shares of the company were exchanged, compared to its average volume of 422,112. Close Brothers Group plc has a 1-year low of GBX 1,315 ($17.70) and a 1-year high of GBX 1,715 ($23.08).

Close Brothers Group (LON:CBG) last announced its quarterly earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). The business had revenue of £765.60 million for the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.

The firm also recently announced a dividend, which was paid on Tuesday, November 21st. Investors of record on Thursday, October 12th were paid a dividend of GBX 40 ($0.54) per share. This represents a yield of 2.71%. This is a boost from Close Brothers Group’s previous dividend of $20.00. The ex-dividend date of this dividend was Thursday, October 12th.

In related news, insider Jonathan Howell sold 17,363 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.76), for a total transaction of £254,888.84 ($343,053.62). Also, insider Rebekah Etherington sold 779 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.55), for a total value of £8,997.45 ($12,109.62). Over the last three months, insiders have purchased 42 shares of company stock valued at $59,318 and have sold 37,619 shares valued at $55,097,727.

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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