Close Brothers Group plc (CBG) Earns Sector Performer Rating from Royal Bank Of Canada
Royal Bank Of Canada reissued their sector performer rating on shares of Close Brothers Group plc (LON:CBG) in a research note released on Friday morning. Royal Bank Of Canada currently has a GBX 1,400 ($18.27) target price on the stock.
Several other research analysts have also recently weighed in on CBG. 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. decreased 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. Peel Hunt restated a buy rating and issued a GBX 1,600 ($20.89) price target on shares of Close Brothers Group plc in a research note on Wednesday, July 20th. Liberum Capital restated a buy rating and issued a GBX 1,184 ($15.45) price target on shares of Close Brothers Group plc in a research note on Thursday, July 21st. Finally, Numis Securities Ltd restated a buy rating and issued a GBX 1,551 ($20.25) price target on shares of Close Brothers Group plc in a research note 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’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,480.67 ($19.33).
Shares of Close Brothers Group plc (LON:CBG) opened at 1369.90 on Friday. The firm has a 50 day moving average price of GBX 1,383.65 and a 200 day moving average price of GBX 1,271.61. The stock’s market cap is GBX 2.03 billion. Close Brothers Group plc has a 12-month low of GBX 975.00 and a 12-month high of GBX 1,569.00.
The business also recently declared a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be issued a dividend of GBX 38 ($0.50) per share. This represents a yield of 2.76%. The ex-dividend date of this dividend is Thursday, October 13th. This is a positive change from Close Brothers Group plc’s previous dividend of $19.00.
In other Close Brothers Group plc news, insider Elizabeth Lee sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($18.50), for a total transaction 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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