Close Brothers Group plc (LON:CBG)‘s stock had its “hold” rating reiterated by investment analysts at Liberum Capital in a research note issued on Tuesday. They presently have a GBX 1,398 ($18.25) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 0.36% from the company’s current price.
A number of other brokerages have also weighed in on CBG. Peel Hunt lowered Close Brothers Group plc to an “add” rating and set a GBX 1,600 ($20.89) price objective on the stock. in a report on Tuesday. Barclays PLC increased their price objective on Close Brothers Group plc from GBX 1,350 ($17.62) to GBX 1,400 ($18.27) and gave the company an “overweight” rating in a report on Tuesday, July 26th. Numis Securities Ltd lowered Close Brothers Group plc to a “hold” rating and set a GBX 1,551 ($20.25) price objective on the stock. in a report on Tuesday. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 1,500 ($19.58) price objective on shares of Close Brothers Group plc in a report on Tuesday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,472.33 ($19.22).
Shares of Close Brothers Group plc (LON:CBG) opened at 1393.00 on Tuesday. Close Brothers Group plc has a 52 week low of GBX 975.00 and a 52 week high of GBX 1,569.00. The stock’s market cap is GBX 2.07 billion. The company has a 50-day moving average price of GBX 1,379.27 and a 200-day moving average price of GBX 1,269.11.
The business also recently announced a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th will be issued a dividend of GBX 38 ($0.50) per share. This represents a yield of 2.76%. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date of this dividend is Thursday, October 13th.
In related news, insider Elizabeth Lee sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($18.50), for a total transaction of £283,400 ($369,925.60).
Close Brothers Group plc Company Profile
Close Brothers Group plc is a United Kingdom-based merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three divisions: banking, which provides a range of lending products to the United Kingdom small and medium enterprises (SMEs), as well as installment payment solutions to the United Kingdom retail borrowers; securities, which provides dealing and execution services to financial institutions through Winterflood, and asset management, which provides wealth management service for individuals, incorporating both financial planning advice and investment management.
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