Close Brothers Group plc (LON:CBG)‘s stock had its “sector performer” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued on Friday. They presently have a GBX 1,400 ($18.27) price objective on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 1.89% from the stock’s current price.
Several other research firms have also issued reports on CBG. Panmure Gordon reissued a “hold” rating and issued a GBX 1,500 ($19.58) price target on shares of Close Brothers Group plc in a research report on Tuesday, September 27th. Liberum Capital reissued a “hold” rating and issued a GBX 1,398 ($18.25) price target on shares of Close Brothers Group plc in a research report on Tuesday, September 27th. Numis Securities Ltd lowered shares of Close Brothers Group plc to a “hold” rating and set a GBX 1,551 ($20.25) price target for the company. in a research report on Tuesday, September 27th. Peel Hunt lowered shares of Close Brothers Group plc to an “add” rating and set a GBX 1,600 ($20.89) price target for the company. in a research report on Tuesday, September 27th. Finally, Barclays PLC increased their price target on shares of Close Brothers Group plc from GBX 1,400 ($18.27) to GBX 1,500 ($19.58) and gave the stock an “overweight” rating in a research report on Wednesday, September 28th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Close Brothers Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,480.67 ($19.33).
Close Brothers Group plc (LON:CBG) opened at 1374.00 on Friday. The firm’s market capitalization is GBX 2.04 billion. The stock’s 50 day moving average price is GBX 1,383.58 and its 200 day moving average price is GBX 1,270.88. Close Brothers Group plc has a 52-week low of GBX 975.00 and a 52-week high of GBX 1,569.00.
The business also recently declared a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th will be paid a dividend of GBX 38 ($0.50) per share. This is a boost from Close Brothers Group plc’s previous dividend of $19.00. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, October 13th.
In other news, insider Elizabeth Lee sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 27th. The shares were 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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