Close Brothers Group (CBG) Receives “Hold” Rating from Peel Hunt

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Peel Hunt reaffirmed their hold rating on shares of Close Brothers Group (LON:CBG) in a report published on Friday.

Other research analysts have also recently issued reports about the company. Shore Capital restated a hold rating on shares of Close Brothers Group in a research note on Friday, September 14th. Numis Securities cut Close Brothers Group to a hold rating and set a GBX 1,693 ($22.12) price target on the stock. in a research note on Tuesday, September 25th. Finally, JPMorgan Chase & Co. restated an overweight rating on shares of Close Brothers Group in a research note on Thursday, October 11th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 1,618.86 ($21.15).

LON:CBG opened at GBX 1,440 ($18.82) on Friday. Close Brothers Group has a 52 week low of GBX 1,315 ($17.18) and a 52 week high of GBX 1,715 ($22.41).

The business also recently disclosed a dividend, which was paid on Tuesday, November 20th. Stockholders of record on Thursday, October 11th were given a dividend of GBX 42 ($0.55) per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a dividend yield of 2.63%. This is a positive change from Close Brothers Group’s previous dividend of $21.00.

In other news, insider Elizabeth Lee sold 12,000 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was sold at an average price of GBX 1,525 ($19.93), for a total transaction of £183,000 ($239,121.91). Also, insider Jonathan Howell sold 49,085 shares of the company’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of GBX 1,554 ($20.31), for a total value of £762,780.90 ($996,708.35). Insiders have sold 98,662 shares of company stock worth $154,340,598 in the last ninety days.

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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