Brokerages Set Close Brothers Group plc (CBG) PT at $1,620.67

Close Brothers Group plc (LON:CBG) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,620.67 ($21.18).

CBG has been the subject of a number of recent research reports. Peel Hunt reiterated a “hold” rating on shares of Close Brothers Group in a report on Friday, December 7th. JPMorgan Chase & Co. reduced their target price on shares of Close Brothers Group from GBX 1,800 ($23.52) to GBX 1,700 ($22.21) and set an “overweight” rating for the company in a report on Monday, January 21st. Shore Capital reduced their target price on shares of Close Brothers Group from GBX 1,665 ($21.76) to GBX 1,600 ($20.91) and set a “hold” rating for the company in a report on Tuesday, January 22nd. Numis Securities reiterated a “hold” rating and issued a GBX 1,654 ($21.61) target price on shares of Close Brothers Group in a report on Tuesday, March 12th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 1,565 ($20.45) target price (down from GBX 1,570 ($20.51)) on shares of Close Brothers Group in a report on Wednesday, March 13th.

Shares of Close Brothers Group stock opened at GBX 1,455 ($19.01) on Wednesday. The stock has a market capitalization of $2.17 billion and a price-to-earnings ratio of 10.91. Close Brothers Group has a one year low of GBX 1,387 ($18.12) and a one year high of GBX 1,682 ($21.98).

The firm also recently declared a dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, March 21st will be paid a dividend of GBX 22 ($0.29) per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a dividend yield of 1.46%. Close Brothers Group’s payout ratio is 0.48%.

Close Brothers Group Company Profile

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

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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