Close Brothers Group (CBG) Given New GBX 1,700 Price Target at Canaccord Genuity
Close Brothers Group (LON:CBG) had its price objective reduced by Canaccord Genuity from GBX 1,750 ($25.06) to GBX 1,700 ($24.34) in a research note published on Monday. They currently have a buy rating on the stock.
A number of other research analysts have also weighed in on CBG. Shore Capital reissued a hold rating on shares of Close Brothers Group in a research report on Thursday, January 25th. JPMorgan Chase reissued an overweight rating and set a GBX 1,800 ($25.77) target price on shares of Close Brothers Group in a research report on Wednesday, March 14th. Liberum Capital reissued a hold rating and set a GBX 1,464 ($20.96) target price on shares of Close Brothers Group in a research report on Friday, March 9th. Peel Hunt reissued a buy rating and set a GBX 1,600 ($22.91) target price on shares of Close Brothers Group in a research report on Thursday, January 25th. Finally, Barclays cut their target price on shares of Close Brothers Group from GBX 1,570 ($22.48) to GBX 1,545 ($22.12) and set an equal weight rating for the company in a research report on Thursday, March 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 1,549.50 ($22.19).
Close Brothers Group stock opened at GBX 1,472 ($21.08) on Monday. Close Brothers Group has a fifty-two week low of GBX 1,315 ($18.83) and a fifty-two week high of GBX 1,715 ($24.56).
The business also recently disclosed a dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, March 22nd will be issued a dividend of GBX 21 ($0.30) per share. The ex-dividend date is Thursday, March 22nd. This represents a dividend yield of 1.4%.
In other news, insider Elizabeth Lee sold 7,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of GBX 1,523 ($21.81), for a total transaction of £106,610 ($152,648.91). In the last 90 days, insiders have bought 30 shares of company stock worth $45,090.
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About Close Brothers Group
Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals firms in the United Kingdom. It operates through five segments: Commercial Finance, Retail Finance, Property Finance, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.
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