Close Brothers Group plc (CBG) PT Raised to GBX 1,780

Close Brothers Group plc (LON:CBG) had its target price upped by research analysts at JPMorgan Chase & Co. from GBX 1,650 ($20.38) to GBX 1,780 ($21.98) in a research report issued on Friday. The brokerage currently has a ” overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 12.52% from the stock’s previous close.

A number of other research analysts have also weighed in on CBG. Peel Hunt reaffirmed an “add” rating and set a GBX 1,600 ($19.76) target price on shares of Close Brothers Group plc in a report on Tuesday, March 14th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,629 ($20.12) target price on shares of Close Brothers Group plc in a report on Friday, January 20th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,550 ($19.14) target price on shares of Close Brothers Group plc in a report on Wednesday, March 15th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,400 ($17.29) target price on shares of Close Brothers Group plc in a report on Thursday, January 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 1,506 ($18.60) target price on shares of Close Brothers Group plc in a report on Thursday, January 12th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,557.22 ($19.23).

Analyst Recommendations for Close Brothers Group plc (LON:CBG)

Shares of Close Brothers Group plc (LON:CBG) opened at 1581.00 on Friday. The firm’s market capitalization is GBX 2.35 billion. The stock has a 50 day moving average price of GBX 1,505.53 and a 200 day moving average price of GBX 1,419.25. Close Brothers Group plc has a 52 week low of GBX 975.00 and a 52 week high of GBX 1,593.00.

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Thursday, March 23rd will be issued a dividend of GBX 20 ($0.25) per share. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 23rd.

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In other news, insider Rebekah Etherington sold 966 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of GBX 1,434 ($17.71), for a total transaction of £13,852.44 ($17,108.11). Also, insider Elizabeth Lee sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of GBX 1,557 ($19.23), for a total value of £93,420 ($115,376.07).

Close Brothers Group plc Company Profile

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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