Close Brothers Group (CBG) Receives GBX 1,549.50 Average Price Target from Analysts

Close Brothers Group (LON:CBG) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 1,549.50 ($21.02).

A number of research analysts have weighed in on CBG shares. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,750 ($23.74) target price on shares of Close Brothers Group in a research note on Thursday, January 25th. Shore Capital reissued a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, March 13th. Barclays decreased their target price on shares of Close Brothers Group from GBX 1,570 ($21.30) to GBX 1,545 ($20.96) and set an “equal weight” rating on the stock in a research note on Thursday, March 15th. Berenberg Bank lowered shares of Close Brothers Group to a “hold” rating and raised their target price for the stock from GBX 1,515 ($20.55) to GBX 1,530 ($20.75) in a research note on Monday, March 19th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 1,575 ($21.36) price target on shares of Close Brothers Group in a research report on Tuesday, March 13th.

Close Brothers Group remained flat at $GBX 1,570 ($21.30) during trading on Friday, according to MarketBeat Ratings. 181,456 shares of the company’s stock were exchanged, compared to its average volume of 422,969. Close Brothers Group has a twelve month low of GBX 1,315 ($17.84) and a twelve month high of GBX 1,715 ($23.26).

Close Brothers Group (LON:CBG) last released its earnings results on Tuesday, March 13th. The company reported GBX 71.20 ($0.97) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 68.50 ($0.93) by GBX 2.70 ($0.04). Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%. The business had revenue of £405.50 million for the quarter.

The company also recently declared a dividend, which was paid on Wednesday, April 25th. Stockholders of record on Thursday, March 22nd were given a dividend of GBX 21 ($0.28) per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, March 22nd.

In other news, insider Elizabeth Lee sold 7,000 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of GBX 1,523 ($20.66), for a total transaction of £106,610 ($144,614.76). Also, insider Michael N. Biggs purchased 500 shares of Close Brothers Group stock in a transaction dated Thursday, April 26th. The shares were purchased at an average cost of GBX 1,511 ($20.50) per share, for a total transaction of £7,555 ($10,248.24). In the last ninety days, insiders have bought 530 shares of company stock worth $800,540.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals firms in the United Kingdom. It operates through five segments: Commercial Finance, Retail Finance, Property Finance, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

Analyst Recommendations for Close Brothers Group (LON:CBG)

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