Close Brothers Group plc (LON:CBG) has been given an average rating of “Hold” by the eleven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,518.50 ($20.44).
CBG has been the topic of several recent analyst reports. Jefferies Group restated a “hold” rating and set a GBX 1,543 ($20.77) price objective (up from GBX 1,506 ($20.27)) on shares of Close Brothers Group in a research report on Thursday, September 28th. Liberum Capital restated a “hold” rating and set a GBX 1,464 ($19.70) price objective on shares of Close Brothers Group in a research report on Thursday, November 16th. Peel Hunt restated a “buy” rating and set a GBX 1,600 ($21.53) price objective on shares of Close Brothers Group in a research report on Thursday, November 23rd. Berenberg Bank initiated coverage on shares of Close Brothers Group in a research report on Wednesday, November 29th. They set a “buy” rating and a GBX 1,515 ($20.39) price objective on the stock. Finally, Barclays decreased their price objective on shares of Close Brothers Group from GBX 1,550 ($20.86) to GBX 1,450 ($19.52) and set an “equal weight” rating on the stock in a research report on Wednesday, September 27th.
Shares of Close Brothers Group (LON CBG) traded up GBX 6 ($0.08) during trading on Thursday, hitting GBX 1,429 ($19.23). 387,995 shares of the stock traded hands, compared to its average volume of 412,336. Close Brothers Group has a 1-year low of GBX 1,315 ($17.70) and a 1-year high of GBX 1,715 ($23.08).
Close Brothers Group (LON:CBG) last issued its quarterly earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). The business had revenue of £765.60 million for the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.
The business also recently declared a dividend, which was paid on Tuesday, November 21st. Shareholders of record on Thursday, October 12th were issued a GBX 40 ($0.54) dividend. This is an increase from Close Brothers Group’s previous dividend of $20.00. This represents a yield of 2.71%. The ex-dividend date was Thursday, October 12th.
In other Close Brothers Group news, insider Jonathan Howell sold 17,363 shares of Close Brothers Group stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.76), for a total value of £254,888.84 ($343,053.62). Also, insider Rebekah Etherington sold 779 shares of Close Brothers Group stock in a transaction on Monday, October 16th. The shares were sold at an average price of GBX 1,155 ($15.55), for a total transaction of £8,997.45 ($12,109.62). Over the last quarter, insiders acquired 42 shares of company stock worth $59,318 and sold 37,619 shares worth $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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