Close Brothers Group (CBG) Receives GBX 1,554.50 Consensus Price Target from Analysts

Shares of Close Brothers Group (LON:CBG) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 1,554.50 ($21.97).

Several equities research analysts have recently weighed in on the stock. Liberum Capital reiterated a “hold” rating and set a GBX 1,464 ($20.69) target price on shares of Close Brothers Group in a research note on Friday, March 9th. Canaccord Genuity reiterated a “buy” rating and set a GBX 1,750 ($24.73) target price on shares of Close Brothers Group in a research note on Thursday, January 25th. Peel Hunt downgraded shares of Close Brothers Group to a “hold” rating and set a GBX 1,600 ($22.61) target price for the company. in a research note on Tuesday, March 13th. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, March 13th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 1,575 ($22.26) target price on shares of Close Brothers Group in a research note on Tuesday, March 13th.

LON CBG opened at GBX 1,489 ($21.05) on Wednesday. Close Brothers Group has a 1 year low of GBX 1,315 ($18.59) and a 1 year high of GBX 1,715 ($24.24).



Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, March 13th. The company reported GBX 71.20 ($1.01) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 68.50 ($0.97) 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 company had revenue of £405.50 million during the quarter.

The company also recently disclosed a dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, March 22nd will be given a GBX 21 ($0.30) dividend. The ex-dividend date is Thursday, March 22nd. This represents a yield of 1.4%.

In related news, insider Elizabeth Lee sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of GBX 1,523 ($21.53), for a total value of £106,610 ($150,685.51). In the last 90 days, insiders purchased 30 shares of company stock valued at $45,090.

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About Close Brothers Group

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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