Close Brothers Group plc (CBG) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Close Brothers Group plc (LON:CBG) in a report released on Wednesday morning. JPMorgan Chase & Co. currently has a GBX 1,650 ($20.38) target price on the stock.

Several other research analysts have also recently weighed in on CBG. Peel Hunt reissued an add rating and set a GBX 1,600 ($19.76) price objective on shares of Close Brothers Group plc in a report on Thursday, November 17th. Numis Securities Ltd reissued an add rating and set a GBX 1,619 ($20.00) price objective on shares of Close Brothers Group plc in a report on Thursday, November 17th. Shore Capital reissued a hold rating on shares of Close Brothers Group plc in a report on Thursday, November 17th. Barclays PLC reissued an overweight rating and set a GBX 1,500 ($18.53) price objective on shares of Close Brothers Group plc in a report on Monday, November 28th. Finally, Liberum Capital reissued a hold rating and set a GBX 1,400 ($17.29) price objective on shares of Close Brothers Group plc in a report on Thursday, January 5th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 1,557.22 ($19.23).

Analyst Recommendations for Close Brothers Group plc (LON:CBG)

Shares of Close Brothers Group plc (LON:CBG) opened at 1582.00 on Wednesday. Close Brothers Group plc has a 52-week low of GBX 975.00 and a 52-week high of GBX 1,593.00. The stock’s 50 day moving average is GBX 1,505.53 and its 200 day moving average is GBX 1,419.25. The stock’s market cap is GBX 2.35 billion.

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

In other Close Brothers Group plc news, insider Rebekah Etherington sold 966 shares of the company’s stock in a transaction that occurred on 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 company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of GBX 1,557 ($19.23), for a total transaction of £93,420 ($115,376.07).

About Close Brothers Group plc

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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