Peel Hunt restated their buy rating on shares of Close Brothers Group plc (LON:CBG) in a research report report published on Thursday morning. They currently have a GBX 1,600 ($21.04) target price on the stock.
Several other brokerages also recently commented on CBG. Royal Bank Of Canada upgraded shares of Close Brothers Group to an outperform rating and set a GBX 1,600 ($21.04) price target on the stock in a report on Thursday, November 2nd. Numis Securities Ltd reiterated a hold rating and set a GBX 1,575 ($20.72) price target on shares of Close Brothers Group in a report on Tuesday, September 26th. Shore Capital reiterated a hold rating on shares of Close Brothers Group in a report on Tuesday, September 26th. Liberum Capital reiterated a hold rating and set a GBX 1,464 ($19.26) price target on shares of Close Brothers Group in a report on Thursday, November 16th. Finally, J P Morgan Chase & Co reiterated an overweight rating and set a GBX 1,800 ($23.67) price target on shares of Close Brothers Group in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 1,518.89 ($19.98).
Shares of Close Brothers Group (CBG) opened at GBX 1,359 ($17.87) on Thursday. Close Brothers Group has a fifty-two week low of GBX 1,315 ($17.30) and a fifty-two week high of GBX 1,715 ($22.56).
Close Brothers Group (LON:CBG) last posted its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%. The firm had revenue of £765.60 million for the quarter.
The firm also recently declared a dividend, which was paid on Tuesday, November 21st. Stockholders of record on Thursday, October 12th were given a GBX 40 ($0.53) dividend. This represents a dividend yield of 2.71%. The ex-dividend date was Thursday, October 12th. This is a boost from Close Brothers Group’s previous dividend of $20.00.
In other news, insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.31), for a total value of £254,888.84 ($335,247.72). Also, insider Rebekah Etherington sold 779 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.19), for a total transaction of £8,997.45 ($11,834.08). In the last ninety days, insiders bought 31 shares of company stock valued at $45,225 and sold 37,619 shares valued at $55,097,727.
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About Close Brothers Group
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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