Liberum Capital Reaffirms “Hold” Rating for Close Brothers Group plc (CBG)

Liberum Capital reiterated their hold rating on shares of Close Brothers Group plc (LON:CBG) in a research report sent to investors on Thursday. Liberum Capital currently has a GBX 1,464 ($19.26) price target on the stock.

CBG has been the topic of several other research reports. Royal Bank Of Canada raised Close Brothers Group plc to an outperform rating and set a GBX 1,600 ($21.04) target price on the stock in a research note on Thursday, November 2nd. J P Morgan Chase & Co restated an overweight rating and set a GBX 1,800 ($23.67) price target on shares of Close Brothers Group plc in a report on Wednesday, September 27th. Barclays PLC restated an equal weight rating and set a GBX 1,550 ($20.39) price target on shares of Close Brothers Group plc in a report on Monday, July 24th. Shore Capital restated a hold rating on shares of Close Brothers Group plc in a report on Thursday. Finally, Jefferies Group LLC restated a hold rating and set a GBX 1,543 ($20.29) price target (up previously from GBX 1,506 ($19.81)) on shares of Close Brothers Group plc in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Close Brothers Group plc presently has a consensus rating of Hold and a consensus target price of GBX 1,551.33 ($20.40).

Shares of Close Brothers Group plc (LON:CBG) opened at GBX 1,395 ($18.35) on Thursday. Close Brothers Group plc has a 12 month low of GBX 1,315 ($17.30) and a 12 month high of GBX 1,715 ($22.56).

Close Brothers Group plc (LON:CBG) last issued its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). The company had revenue of £765.60 million for the quarter. Close Brothers Group plc had a return on equity of 15.84% and a net margin of 22.76%.

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The business also recently announced a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Thursday, October 12th will be issued a GBX 40 ($0.53) dividend. This is a boost from Close Brothers Group plc’s previous dividend of $20.00. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 2.71%.

In other news, insider Jonathan Howell sold 17,363 shares of Close Brothers Group plc stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.31), for a total value of £254,888.84 ($335,247.72). Also, insider Rebekah Etherington sold 779 shares of Close Brothers Group plc stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of GBX 1,155 ($15.19), for a total value of £8,997.45 ($11,834.08). In the last quarter, insiders bought 31 shares of company stock valued at $45,225 and sold 37,619 shares valued at $55,097,727.

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.

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

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