Close Brothers Group plc (CBG) Upgraded by Numis Securities Ltd to “Add”
Numis Securities Ltd upgraded shares of Close Brothers Group plc (LON:CBG) to an add rating in a research report released on Wednesday morning. Numis Securities Ltd currently has GBX 1,619 ($21.13) target price on the stock.
A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,500 ($19.58) price objective on shares of Close Brothers Group plc in a report on Wednesday, September 28th. Citigroup Inc. reiterated a buy rating on shares of Close Brothers Group plc in a report on Tuesday, September 13th. Royal Bank Of Canada reiterated a sector performer rating and set a GBX 1,400 ($18.27) price target on shares of Close Brothers Group plc in a report on Friday, September 23rd. Barclays PLC upgraded shares of Close Brothers Group plc to an overweight rating and set a GBX 1,300 ($16.97) price target for the company in a report on Thursday, June 30th. Finally, Panmure Gordon reiterated a hold rating and set a GBX 1,500 ($19.58) price target on shares of Close Brothers Group plc in a report on Tuesday, September 27th. Seven equities 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 has an average rating of Hold and an average target price of GBX 1,480.67 ($19.33).
Close Brothers Group plc (LON:CBG) opened at 1379.00 on Wednesday. The firm has a 50 day moving average of GBX 1,383.58 and a 200-day moving average of GBX 1,270.88. Close Brothers Group plc has a 1-year low of GBX 975.00 and a 1-year high of GBX 1,569.00. The company’s market capitalization is GBX 2.05 billion.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be given a dividend of GBX 38 ($0.50) per share. This is an increase from Close Brothers Group plc’s previous dividend of $19.00. This represents a yield of 2.76%. The ex-dividend date is Thursday, October 13th.
In other news, insider Elizabeth Lee sold 20,000 shares of the company’s stock in a transaction dated 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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