Barclays PLC reaffirmed their overweight rating on shares of Close Brothers Group plc (LON:CBG) in a research note issued to investors on Monday. The firm currently has a GBX 1,500 ($18.61) target price on the stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Close Brothers Group plc from GBX 1,500 ($18.61) to GBX 1,575 ($19.54) and gave the stock a  overweight rating in a research note on Friday, September 30th. Numis Securities Ltd raised Close Brothers Group plc to an add rating and set a GBX 1,619 ($20.08) price objective on the stock in a research note on Wednesday, September 28th. Peel Hunt downgraded Close Brothers Group plc to an add rating and set a GBX 1,600 ($19.85) price objective on the stock. in a research note on Tuesday, September 27th. Citigroup Inc. reissued a buy rating on shares of Close Brothers Group plc in a research note on Tuesday, September 13th. Finally, FinnCap reissued a buy rating on shares of Close Brothers Group plc in a research note on Thursday, October 13th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 1,480.89 ($18.37).

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

Close Brothers Group plc (LON:CBG) opened at 1363.00 on Monday. Close Brothers Group plc has a 52-week low of GBX 975.00 and a 52-week high of GBX 1,477.00. The company’s 50-day moving average price is GBX 1,342.33 and its 200 day moving average price is GBX 1,300.51. The stock’s market capitalization is GBX 2.01 billion.

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The firm also recently declared a dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 13th were issued a dividend of GBX 38 ($0.47) per share. This is an increase from Close Brothers Group plc’s previous dividend of $19.00. The ex-dividend date was Thursday, October 13th. This represents a dividend yield of 2.76%.

In other news, insider Elizabeth Lee sold 20,000 shares of Close Brothers Group plc stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($17.58), for a total transaction of £283,400 ($351,569.28). Also, insider Jonathan Howell sold 149,292 shares of Close Brothers Group plc stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of GBX 1,378 ($17.09), for a total value of £2,057,243.76 ($2,552,094.98).

About Close Brothers Group plc

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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