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.
Your IP Address:
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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2024375/close-brothers-group-plcs-cbg-equal-weight-rating-reaffirmed-at-barclays-plc.html
Receive News & Ratings for Close Brothers Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Close Brothers Group plc and related companies with MarketBeat.com's FREE daily email newsletter.