Close Brothers Group plc (LON:CBG) Given Average Recommendation of “Hold” by Brokerages

Shares of Close Brothers Group plc (LON:CBG) have been given an average rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,683.33 ($21.99).

A number of research analysts have commented on CBG shares. Royal Bank of Canada lowered their price target on Close Brothers Group from GBX 1,700 ($22.21) to GBX 1,600 ($20.90) and set a “sector perform” rating for the company in a research report on Friday, November 19th. Liberum Capital restated a “hold” rating and issued a GBX 1,480 ($19.34) price target on shares of Close Brothers Group in a research note on Thursday, November 18th. JPMorgan Chase & Co. cut their price target on Close Brothers Group from GBX 1,640 ($21.43) to GBX 1,540 ($20.12) and set a “neutral” rating on the stock in a research note on Friday, November 19th. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group in a research note on Thursday, November 18th. Finally, Peel Hunt restated an “add” rating and issued a GBX 1,826 ($23.86) price target on shares of Close Brothers Group in a research note on Thursday, November 18th.

In other Close Brothers Group news, insider Mike Morgan purchased 1,360 shares of the stock in a transaction on Friday, October 15th. The shares were bought at an average cost of GBX 1,493 ($19.51) per share, with a total value of £20,304.80 ($26,528.35). Insiders have bought 1,390 shares of company stock worth $2,075,964 over the last three months.

CBG stock traded up GBX 8 ($0.10) during trading on Thursday, hitting GBX 1,353 ($17.68). 159,725 shares of the company traded hands, compared to its average volume of 202,207. The firm has a market capitalization of £2.04 billion and a PE ratio of 10.07. Close Brothers Group has a 1 year low of GBX 1,105 ($14.44) and a 1 year high of GBX 1,702 ($22.24). The company has a 50-day moving average of GBX 1,493.93 and a 200-day moving average of GBX 1,541.13.

The firm also recently declared a dividend, which was paid on Tuesday, November 23rd. Stockholders of record on Thursday, October 14th were given a dividend of GBX 42 ($0.55) per share. The ex-dividend date of this dividend was Thursday, October 14th. This is an increase from Close Brothers Group’s previous dividend of $18.00. This represents a dividend yield of 2.72%. Close Brothers Group’s dividend payout ratio is presently 0.43%.

About Close Brothers Group

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, Asset Management, and Securities. 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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