Close Brothers Group plc (LON:CBG) had its target price raised by Barclays PLC from GBX 1,400 ($18.27) to GBX 1,500 ($19.58) in a research report released on Wednesday morning. The firm currently has an overweight rating on the stock.
A number of other equities analysts have also commented on the stock. Citigroup Inc. reissued a buy rating on shares of Close Brothers Group plc in a report on Tuesday, September 13th. Royal Bank Of Canada reissued a sector performer rating and issued a GBX 1,400 ($18.27) price target on shares of Close Brothers Group plc in a report on Friday, September 23rd. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 1,500 ($19.58) target price on shares of Close Brothers Group plc in a report on Wednesday. Liberum Capital lowered shares of Close Brothers Group plc to a hold rating and increased their target price for the company from GBX 1,184 ($15.45) to GBX 1,398 ($18.25) in a report on Thursday, August 18th. Finally, Numis Securities Ltd reaffirmed a buy rating and set a GBX 1,551 ($20.25) target price on shares of Close Brothers Group plc in a report on Wednesday, August 17th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Close Brothers Group plc currently has an average rating of Hold and a consensus target price of GBX 1,472.33 ($19.22).
Shares of Close Brothers Group plc (LON:CBG) traded up 0.07% during trading on Wednesday, hitting GBX 1394.00. 118,435 shares of the stock traded hands. The firm’s market cap is GBX 2.07 billion. Close Brothers Group plc has a 12 month low of GBX 975.00 and a 12 month high of GBX 1,569.00. 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 company also recently declared a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be issued a GBX 38 ($0.50) dividend. This represents a yield of 2.76%. The ex-dividend date is Thursday, October 13th. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00.
In other news, insider Elizabeth Lee sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of GBX 1,417 ($18.50), for a total value of £283,400 ($369,925.60).
About Close Brothers Group plc
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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