Close Brothers Group’s (CBG) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt reiterated their buy rating on shares of Close Brothers Group plc (LON:CBG) in a research note published on Thursday morning. The brokerage currently has a GBX 1,600 ($21.04) price objective on the stock.
Several other analysts also recently commented on the stock. Macquarie reaffirmed an underperform rating and issued a GBX 1,138 ($14.97) price objective on shares of Close Brothers Group in a report on Thursday. J P Morgan Chase & Co reissued an overweight rating and set a GBX 1,800 ($23.67) price target on shares of Close Brothers Group in a report on Friday, November 17th. Liberum Capital reissued a hold rating and set a GBX 1,464 ($19.26) price target on shares of Close Brothers Group in a report on Thursday, November 16th. Shore Capital reissued a hold rating on shares of Close Brothers Group in a report on Thursday, November 16th. Finally, Royal Bank Of Canada raised shares of Close Brothers Group to an outperform rating and set a GBX 1,600 ($21.04) price target on the stock in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Close Brothers Group currently has a consensus rating of Hold and a consensus target price of GBX 1,518.89 ($19.98).
Shares of Close Brothers Group (LON:CBG) opened at GBX 1,362.57 ($17.92) on Thursday. Close Brothers Group has a twelve month low of GBX 1,315 ($17.30) and a twelve month high of GBX 1,715 ($22.56).
Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) EPS for the quarter, beating the consensus estimate of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). The business had revenue of £765.60 million for the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.
The company also recently declared a dividend, which was paid on Tuesday, November 21st. Investors of record on Thursday, October 12th were issued a dividend of GBX 40 ($0.53) per share. The ex-dividend date was Thursday, October 12th. This is an increase from Close Brothers Group’s previous dividend of $20.00. This represents a yield of 2.71%.
In other Close Brothers Group news, insider Rebekah Etherington sold 19,477 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of GBX 1,474 ($19.39), for a total transaction of £287,090.98 ($377,602.24). Also, insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.31), for a total transaction of £254,888.84 ($335,247.72). Over the last 90 days, insiders have acquired 31 shares of company stock valued at $45,225 and have sold 37,619 shares valued at $55,097,727.
About Close Brothers Group
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.
Receive News & Ratings for Close Brothers Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Close Brothers Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.