Trade Report: Today: Close Brothers Group plc (CBG) Stock Rating Reaffirmed by Macquarie

Today: Close Brothers Group plc (CBG) Stock Rating Reaffirmed by Macquarie

Macquarie reiterated their neutral rating on shares of Close Brothers Group plc (LON:CBG) in a research report sent to investors on Tuesday. Macquarie currently has a GBX 1,341 ($16.60) price target on the stock.

CBG has been the topic of a number of other reports. Barclays PLC increased their price objective on Close Brothers Group plc from GBX 1,400 ($17.33) to GBX 1,500 ($18.56) and gave the company an overweight rating in a report on Wednesday, September 28th. Royal Bank Of Canada reissued a sector performer rating and issued a GBX 1,400 ($17.33) price objective on shares of Close Brothers Group plc in a report on Friday, September 23rd. JPMorgan Chase & Co. increased their price objective on Close Brothers Group plc from GBX 1,500 ($18.56) to GBX 1,575 ($19.49) and gave the company a  overweight rating in a report on Friday, September 30th. Peel Hunt reissued a buy rating and issued a GBX 1,600 ($19.80) price objective on shares of Close Brothers Group plc in a report on Wednesday, July 20th. Finally, Numis Securities Ltd cut their price objective on Close Brothers Group plc from GBX 1,545 ($19.12) to GBX 1,540 ($19.06) and set an add rating on the stock in a report on Thursday, August 25th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Close Brothers Group plc presently has an average rating of Hold and a consensus target price of GBX 1,472.56 ($18.22).

Shares of Close Brothers Group plc (LON:CBG) opened at 1331.8036 on Tuesday. Close Brothers Group plc has a 52 week low of GBX 975.00 and a 52 week high of GBX 1,536.28. The company’s 50-day moving average price is GBX 1,385.41 and its 200 day moving average price is GBX 1,276.36. The company’s market cap is GBX 1.96 billion.

The firm also recently declared a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 13th will be given a dividend of GBX 38 ($0.47) per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 2.76%. This is an increase from Close Brothers Group plc’s previous dividend of $19.00.

In other Close Brothers Group plc news, insider Elizabeth Lee sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of GBX 1,417 ($17.54), for a total transaction of £283,400 ($350,742.57). Also, insider Jonathan Howell sold 149,292 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of GBX 1,378 ($17.05), for a total value of £2,057,243.76 ($2,546,093.76).

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