Close Brothers Group plc (LON:CBG) insider Jonathan Howell sold 149,292 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of GBX 1,378 ($17.99), for a total value of £2,057,243.76 ($2,685,346.25).
Close Brothers Group plc (LON:CBG) opened at 1378.00 on Thursday. The company’s market capitalization is GBX 2.04 billion. The company has a 50-day moving average price of GBX 1,384.76 and a 200-day moving average price of GBX 1,272.09. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,569.00.
The firm also recently declared a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th will be given a GBX 38 ($0.50) dividend. This is an increase 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.
CBG has been the topic of several research reports. Barclays PLC restated an “equal weight” rating on shares of Close Brothers Group plc in a research note on Thursday, June 16th. JPMorgan Chase & Co. lowered their target price on Close Brothers Group plc from GBX 1,600 ($20.89) to GBX 1,400 ($18.27) and set an “overweight” rating for the company in a report on Wednesday, June 29th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,600 ($20.89) target price on shares of Close Brothers Group plc in a report on Wednesday, July 20th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,184 ($15.45) target price on shares of Close Brothers Group plc in a report on Thursday, July 21st. 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 Thursday, July 21st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. 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 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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