Brokerages Set Close Brothers Group plc (CBG) Target Price at $1,524.29

Close Brothers Group plc (LON:CBG) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 1,524.29 ($19.92).

Several research firms recently issued reports on CBG. Numis Securities cut shares of Close Brothers Group to a “hold” rating and set a GBX 1,693 ($22.12) target price on the stock. in a research report on Tuesday, September 25th. Shore Capital reissued a “hold” rating on shares of Close Brothers Group in a research report on Tuesday, September 25th. Peel Hunt reissued a “hold” rating on shares of Close Brothers Group in a research report on Tuesday, September 25th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Close Brothers Group in a research report on Thursday, October 11th.

Shares of LON CBG opened at GBX 1,508 ($19.70) on Friday. Close Brothers Group has a 12 month low of GBX 1,315 ($17.18) and a 12 month high of GBX 1,715 ($22.41).

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

In other Close Brothers Group news, insider Jonathan Howell sold 49,085 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of GBX 1,554 ($20.31), for a total transaction of £762,780.90 ($996,708.35). Also, insider Elizabeth Lee sold 12,000 shares of Close Brothers Group stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of GBX 1,525 ($19.93), for a total transaction of £183,000 ($239,121.91). Over the last three months, insiders purchased 29 shares of company stock worth $45,430 and sold 98,662 shares worth $154,340,598.

Close Brothers Group Company Profile

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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Analyst Recommendations for Close Brothers Group (LON:CBG)

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