Close Brothers Group plc (LON:CBG) insider Elizabeth Lee sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of GBX 1,557 ($19.23), for a total transaction of £93,420 ($115,376.07).
Shares of Close Brothers Group plc (LON:CBG) opened at 1582.00 on Tuesday. Close Brothers Group plc has a 1-year low of GBX 975.00 and a 1-year high of GBX 1,593.00. The firm’s market capitalization is GBX 2.35 billion. The company has a 50-day moving average of GBX 1,505.53 and a 200-day moving average of GBX 1,419.25.
The firm also recently declared 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 ($0.25) per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a yield of 1.28%.
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A number of analysts have recently weighed in on CBG shares. Shore Capital restated a “hold” rating on shares of Close Brothers Group plc in a report on Friday, January 13th. Barclays PLC cut shares of Close Brothers Group plc to an “equal weight” rating and lowered their price target for the company from GBX 1,500 ($18.53) to GBX 1,430 ($17.66) in a report on Wednesday, February 1st. Numis Securities Ltd upgraded shares of Close Brothers Group plc to a “buy” rating and set a GBX 1,779 ($21.97) price target on the stock in a report on Tuesday, February 7th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,650 ($20.38) price target on shares of Close Brothers Group plc in a report on Monday, January 23rd. Finally, Liberum Capital restated a “hold” rating and issued a GBX 1,400 ($17.29) price target on shares of Close Brothers Group plc in a report on Tuesday, March 14th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 1,557.22 ($19.23).
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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