Close Brothers Group plc’s (CBG) “Equal weight” Rating Reaffirmed at Barclays PLC

Barclays PLC restated their equal weight rating on shares of Close Brothers Group plc (LON:CBG) in a report released on Wednesday morning. They currently have a GBX 1,550 ($19.14) target price on the stock.

A number of other brokerages have also recently issued reports on CBG. Peel Hunt reaffirmed an add rating and set a GBX 1,600 ($19.76) price objective on shares of Close Brothers Group plc in a research note on Friday, January 20th. Jefferies Group LLC reaffirmed a hold rating and set a GBX 1,506 ($18.60) price objective on shares of Close Brothers Group plc in a research note on Thursday, January 12th. Numis Securities Ltd raised Close Brothers Group plc to a buy rating and set a GBX 1,779 ($21.97) price objective on the stock in a research note on Tuesday, February 7th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 1,650 ($20.38) price objective on shares of Close Brothers Group plc in a research note on Monday, January 23rd. Finally, Shore Capital reaffirmed a hold rating on shares of Close Brothers Group plc in a research note on Friday, January 6th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Close Brothers Group plc presently has an average rating of Hold and an average target price of GBX 1,557.22 ($19.23).

Shares of Close Brothers Group plc (LON:CBG) opened at 1582.00 on Wednesday. The firm’s 50-day moving average price is GBX 1,505.53 and its 200-day moving average price is GBX 1,419.25. Close Brothers Group plc has a one year low of GBX 975.00 and a one year high of GBX 1,593.00. The company’s market capitalization is GBX 2.35 billion.

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The company also recently announced a dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Thursday, March 23rd will be issued a dividend of GBX 20 ($0.25) per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a dividend yield of 1.28%.

In other news, insider Rebekah Etherington sold 966 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of GBX 1,434 ($17.71), for a total transaction of £13,852.44 ($17,108.11). Also, insider Elizabeth Lee sold 6,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of GBX 1,557 ($19.23), for a total transaction of £93,420 ($115,376.07).

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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