Close Brothers Group plc (CBG) Earns “Add” Rating from Peel Hunt

Close Brothers Group plc (CBG) Earns “Add” Rating from Peel Hunt

Close Brothers Group plc (LON:CBG)‘s stock had its “add” rating reissued by research analysts at Peel Hunt in a report issued on Tuesday. They currently have a GBX 1,600 ($19.56) target price on the stock. Peel Hunt’s price target points to a potential upside of 1.27% from the stock’s current price.

CBG has been the topic of several other research reports. Barclays PLC restated an “overweight” rating and issued a GBX 1,500 ($18.34) price target on shares of Close Brothers Group plc in a research note on Monday, November 28th. Numis Securities Ltd upgraded Close Brothers Group plc to a “buy” rating and set a GBX 1,779 ($21.75) target price on the stock in a research note on Tuesday, February 7th. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group plc in a research note on Friday, January 13th. Jefferies Group LLC reiterated a “hold” rating and set a GBX 1,506 ($18.41) target price on shares of Close Brothers Group plc in a research note on Thursday, January 12th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,650 ($20.17) target price on shares of Close Brothers Group plc in a research note on Monday, January 23rd. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,539.56 ($18.82).

Close Brothers Group plc (LON:CBG) opened at 1580.00 on Tuesday. The stock’s market capitalization is GBX 2.35 billion. Close Brothers Group plc has a 12 month low of GBX 975.00 and a 12 month high of GBX 1,593.00. The stock has a 50 day moving average price of GBX 1,500.08 and a 200 day moving average price of GBX 1,417.01.

The firm also recently announced a dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Thursday, March 23rd will be paid a dividend of GBX 20 ($0.24) per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a yield of 1.28%.

In other news, insider Rebekah Etherington sold 966 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of GBX 1,434 ($17.53), for a total transaction of £13,852.44 ($16,936.59). Also, insider Elizabeth Lee sold 6,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of GBX 1,557 ($19.04), for a total value of £93,420 ($114,219.34).

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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