Close Brothers Group plc (CBG) Given New GBX 1,500 Price Target at Barclays PLC
Close Brothers Group plc (LON:CBG) had its price target hoisted by Barclays PLC from GBX 1,400 ($18.27) to GBX 1,500 ($19.58) in a research note published on Wednesday. They currently have an overweight rating on the stock.
A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reissued 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, September 28th. Liberum Capital reissued a hold rating and set a GBX 1,398 ($18.25) target price on shares of Close Brothers Group plc in a report on Tuesday, September 27th. Peel Hunt cut Close Brothers Group plc to an add rating and set a GBX 1,600 ($20.89) target price for the company. in a report on Tuesday, September 27th. Panmure Gordon reissued a hold rating and set a GBX 1,500 ($19.58) target price on shares of Close Brothers Group plc in a report on Tuesday, September 27th. Finally, Numis Securities Ltd cut Close Brothers Group plc to a hold rating and set a GBX 1,551 ($20.25) target price for the company. in a report on Tuesday, September 27th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock 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 1377.00 on Wednesday. The stock’s market cap is GBX 2.04 billion. The company’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 12-month low of GBX 975.00 and a 12-month high of GBX 1,569.00.
The firm also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 13th will be given a GBX 38 ($0.50) dividend. This represents a yield of 2.76%. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date of this dividend is Thursday, October 13th.
In related news, insider Elizabeth Lee sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was 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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