Shore Capital Raises Close Brothers Group (CBG) Price Target to GBX 1,605

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Close Brothers Group (LON:CBG) had its price objective hoisted by Shore Capital from GBX 1,600 ($20.91) to GBX 1,605 ($20.97) in a research report sent to investors on Tuesday. The firm currently has a hold rating on the stock.

Several other research firms have also issued reports on CBG. Peel Hunt reiterated a hold rating on shares of Close Brothers Group in a report on Thursday, November 15th. JPMorgan Chase & Co. dropped their target price on Close Brothers Group from GBX 1,800 ($23.52) to GBX 1,700 ($22.21) and set an overweight rating on the stock in a report on Monday, January 21st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,619.14 ($21.16).

CBG opened at GBX 1,501 ($19.61) on Tuesday. Close Brothers Group has a 52-week low of GBX 1,387 ($18.12) and a 52-week high of GBX 1,682 ($21.98). The stock has a market cap of $2.25 billion and a P/E ratio of 11.22.

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, March 21st will be paid a GBX 22 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a yield of 1.46%. Close Brothers Group’s dividend payout ratio is 0.47%.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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