Elizabeth Lee Sells 7,000 Shares of Close Brothers Group plc (CBG) Stock

Close Brothers Group plc (LON:CBG) insider Elizabeth Lee sold 7,000 shares of the business’s stock in a transaction on Friday, October 19th. The shares were sold at an average price of GBX 1,531 ($20.01), for a total transaction of £107,170 ($140,036.59).

CBG opened at GBX 1,523 ($19.90) on Friday. Close Brothers Group plc has a twelve month low of GBX 1,315 ($17.18) and a twelve month high of GBX 1,715 ($22.41).

The company also recently announced a dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Thursday, October 11th will be issued a GBX 42 ($0.55) dividend. This is a positive change from Close Brothers Group’s previous dividend of $21.00. The ex-dividend date is Thursday, October 11th. This represents a dividend yield of 2.63%.

Several brokerages have issued reports on CBG. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Close Brothers Group in a report on Thursday, October 11th. Numis Securities raised shares of Close Brothers Group to an “add” rating in a report on Wednesday, July 18th. Shore Capital reissued a “hold” rating on shares of Close Brothers Group in a report on Wednesday, July 18th. Finally, Peel Hunt reissued a “hold” rating on shares of Close Brothers Group in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,563.33 ($20.43).

About Close Brothers Group

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, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

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