Shares of Close Brothers Group plc (LON:CBG – Get Rating) have earned an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 1,588.33 ($19.58).
A number of research firms recently commented on CBG. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group in a report on Tuesday, March 15th. Liberum Capital raised Close Brothers Group to a “buy” rating and set a GBX 1,480 ($18.25) target price on the stock in a research report on Friday, April 1st. JPMorgan Chase & Co. cut their target price on Close Brothers Group from GBX 1,540 ($18.99) to GBX 1,370 ($16.89) and set a “neutral” rating on the stock in a research report on Wednesday, March 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 1,200 ($14.79) target price on shares of Close Brothers Group in a research report on Thursday, March 24th.
In other Close Brothers Group news, insider Adrian Sainsbury bought 3,408 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The shares were purchased at an average price of GBX 1,167 ($14.39) per share, with a total value of £39,771.36 ($49,033.86). Insiders purchased 3,435 shares of company stock worth $4,005,842 in the last three months.
CBG opened at GBX 1,043 ($12.86) on Thursday. Close Brothers Group has a one year low of GBX 997 ($12.29) and a one year high of GBX 1,685 ($20.77). The stock has a market capitalization of £1.57 billion and a PE ratio of 7.77. The business’s 50 day moving average price is GBX 1,149.61 and its 200 day moving average price is GBX 1,271.70.
The firm also recently announced a dividend, which was paid on Wednesday, April 27th. Investors of record on Thursday, March 24th were issued a GBX 22 ($0.27) dividend. This represents a yield of 1.82%. The ex-dividend date of this dividend was Thursday, March 24th. Close Brothers Group’s dividend payout ratio (DPR) is presently 0.45%.
About Close Brothers Group (Get Rating)
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, Asset Management, and Securities. The company offers various savings products, including personal and business savings, and pension deposits.
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