Close Brothers Group plc (CBG) Rating Reiterated by Liberum Capital
Liberum Capital restated their hold rating on shares of Close Brothers Group plc (LON:CBG) in a research report report published on Tuesday. Liberum Capital currently has a GBX 1,398 ($18.25) price target on the stock.
Other equities analysts also recently issued research reports about the company. Peel Hunt reiterated a buy rating and set a GBX 1,600 ($20.89) price target on shares of Close Brothers Group plc in a research note on Tuesday, July 26th. Citigroup Inc. reiterated a buy rating on shares of Close Brothers Group plc in a research note on Tuesday, September 13th. Numis Securities Ltd downgraded Close Brothers Group plc to a hold rating and set a GBX 1,551 ($20.25) price target for the company. in a research note on Tuesday, September 27th. Barclays PLC lifted their price target on Close Brothers Group plc from GBX 1,300 ($16.97) to GBX 1,350 ($17.62) and gave the company an overweight rating in a research note on Wednesday, July 20th. Finally, JPMorgan Chase & Co. cut their price target 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 research note on Wednesday, June 29th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Close Brothers Group plc currently has an average rating of Hold and a consensus target price of GBX 1,480.67 ($19.33).
Close Brothers Group plc (LON:CBG) opened at 1357.19568 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 company’s market cap is GBX 2.01 billion. The stock’s 50 day moving average price is GBX 1,381.59 and its 200-day moving average price is GBX 1,270.57.
The business also recently declared a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th will be issued a GBX 38 ($0.50) dividend. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, October 13th. This is a boost from Close Brothers Group plc’s previous dividend of $19.00.
In related news, insider Elizabeth Lee sold 20,000 shares of Close Brothers Group plc 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 value 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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