Close Brothers Group plc (CBG) Given Consensus Rating of “Hold” by Analysts
Shares of Close Brothers Group plc (LON:CBG) have earned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,524.29 ($19.92).
Several equities research analysts recently commented on CBG shares. Numis Securities raised Close Brothers Group to an “add” rating in a research report on Wednesday, July 18th. Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a research report on Tuesday, September 25th. Peel Hunt reaffirmed a “hold” rating on shares of Close Brothers Group in a research report on Tuesday, September 25th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Close Brothers Group in a research report on Thursday, October 11th.
In other news, insider Jonathan Howell sold 30,577 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of GBX 1,604 ($20.96), for a total value of £490,455.08 ($640,866.43). Also, insider Elizabeth Lee sold 12,000 shares of the firm’s stock in a transaction dated Monday, October 22nd. The stock was sold at an average price of GBX 1,525 ($19.93), for a total value of £183,000 ($239,121.91). Over the last three months, insiders acquired 29 shares of company stock worth $45,430 and sold 98,662 shares worth $154,340,598.
The company also recently announced a dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Thursday, October 11th will be given a GBX 42 ($0.55) dividend. This represents a yield of 2.63%. This is a boost from Close Brothers Group’s previous dividend of $21.00. The ex-dividend date of this dividend is Thursday, October 11th.
Close Brothers Group Company Profile
Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.
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