Close Brothers Group plc (CBG) Receives “Hold” Rating from Shore Capital
Other equities research analysts have also issued reports about the stock. Numis Securities Ltd reaffirmed a hold rating and issued a GBX 1,575 ($20.72) price target on shares of Close Brothers Group plc in a report on Friday, July 21st. Liberum Capital lowered their price target on shares of Close Brothers Group plc from GBX 1,535 ($20.19) to GBX 1,464 ($19.26) and set a hold rating on the stock in a report on Friday, October 27th. J P Morgan Chase & Co upped their price target on shares of Close Brothers Group plc from GBX 1,780 ($23.41) to GBX 1,800 ($23.67) and gave the company an overweight rating in a report on Monday, July 24th. Barclays PLC lowered their price target on shares of Close Brothers Group plc from GBX 1,550 ($20.39) to GBX 1,450 ($19.07) and set an equal weight rating on the stock in a report on Wednesday, September 27th. Finally, Peel Hunt reaffirmed a hold rating and issued a GBX 1,600 ($21.04) price target on shares of Close Brothers Group plc in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 1,551.33 ($20.40).
Close Brothers Group plc (LON:CBG) traded up GBX 9 ($0.12) during trading hours on Thursday, reaching GBX 1,395 ($18.35). 575,659 shares of the company’s stock traded hands, compared to its average volume of 382,918. Close Brothers Group plc has a one year low of GBX 1,315 ($17.30) and a one year high of GBX 1,715 ($22.56).
Close Brothers Group plc (LON:CBG) last posted its quarterly earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) EPS for the quarter, beating the consensus estimate of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). Close Brothers Group plc had a net margin of 22.76% and a return on equity of 15.84%. The company had revenue of £765.60 million for the quarter.
The business also recently declared a dividend, which will be paid on Tuesday, November 21st. Investors of record on Thursday, October 12th will be given a dividend of GBX 40 ($0.53) per share. This represents a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from Close Brothers Group plc’s previous dividend of $20.00.
In related news, insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.31), for a total transaction of £254,888.84 ($335,247.72). Also, insider Rebekah Etherington sold 779 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.19), for a total transaction of £8,997.45 ($11,834.08). In the last 90 days, insiders have purchased 31 shares of company stock valued at $45,225 and have sold 37,619 shares valued at $55,097,727.
Close Brothers Group plc Company Profile
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance.
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