Close Brothers Group plc (CBG) Given Consensus Recommendation of “Hold” by Analysts
Close Brothers Group plc (LON:CBG) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,518.50 ($20.44).
A number of brokerages have commented on CBG. Berenberg Bank began coverage on shares of Close Brothers Group in a research note on Wednesday, November 29th. They set a “buy” rating and a GBX 1,515 ($20.39) price target for the company. Liberum Capital restated a “hold” rating and set a GBX 1,464 ($19.70) price target on shares of Close Brothers Group in a research note on Thursday, November 23rd. Peel Hunt restated a “buy” rating and set a GBX 1,600 ($21.53) price target on shares of Close Brothers Group in a research note on Thursday, November 23rd. Macquarie restated an “underperform” rating and set a GBX 1,138 ($15.32) price target on shares of Close Brothers Group in a research note on Thursday, November 23rd. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,800 ($24.23) price target on shares of Close Brothers Group in a research note on Friday, November 17th.
Close Brothers Group (LON CBG) traded up GBX 7 ($0.09) during trading hours on Thursday, hitting GBX 1,388 ($18.68). 570,669 shares of the stock traded hands, compared to its average volume of 422,112. Close Brothers Group has a 12 month low of GBX 1,315 ($17.70) and a 12 month high of GBX 1,715 ($23.08).
Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.77) earnings per share for the quarter, beating the consensus estimate of GBX 130.10 ($1.75) by GBX 1.60 ($0.02). The company had revenue of £765.60 million during the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.
The company also recently disclosed a dividend, which was paid on Tuesday, November 21st. Shareholders of record on Thursday, October 12th were issued a dividend of GBX 40 ($0.54) per share. This represents a yield of 2.71%. This is an increase from Close Brothers Group’s previous dividend of $20.00. The ex-dividend date was Thursday, October 12th.
In related news, insider Jonathan Howell sold 17,363 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of GBX 1,468 ($19.76), for a total value of £254,888.84 ($343,053.62). Also, insider Rebekah Etherington sold 19,477 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of GBX 1,474 ($19.84), for a total transaction of £287,090.98 ($386,394.32). Over the last ninety days, insiders have acquired 42 shares of company stock worth $59,318 and have sold 37,619 shares worth $55,097,727.
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Close Brothers Group 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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