Close Brothers Group (CBG) Share Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Close Brothers Group in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CBG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CBG, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 12-month price objectives for Close Brothers Group's stock. Their CBG share price forecasts range from GBX 950 to GBX 1,200. On average, they expect the company's stock price to reach GBX 1,082.75 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
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Close Brothers Group's stock was trading at GBX 1,047 at the beginning of 2023. Since then, CBG stock has decreased by 13.3% and is now trading at GBX 907.50.
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Close Brothers Group plc (LON:CBG) posted its quarterly earnings results on Tuesday, March, 13th. The company reported $71.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $68.50 by $2.70. The company had revenue of $405.50 million for the quarter. Close Brothers Group had a net margin of 9.86% and a trailing twelve-month return on equity of 4.88%.

Close Brothers Group announced a dividend on Tuesday, March 14th. Shareholders of record on Thursday, March 23rd will be given a dividend of GBX 22.50 per share on Wednesday, April 26th. This represents a yield of 2.21%. The ex-dividend date of this dividend is Thursday, March 23rd. The official announcement can be accessed at this link.
Read our dividend analysis for CBG.

Close Brothers Group (LON:CBG) pays an annual dividend of GBX 67 per share and currently has a dividend yield of 7.23%. CBG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12,641.51%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CBG.

Based on aggregate information from My MarketBeat watchlists, some companies that other Close Brothers Group investors own include The Sage Group (SGE), Hologic (HOLX), BHP Group (BHP), Herc (HRI), EZCORP (EZPW), (MBBYF) (MBBYF), Town Sports International (CLUB), Ascena Retail Group (ASNA), Aviva (AV) and AstraZeneca (AZN).

Close Brothers Group trades on the London Stock Exchange (LON) under the ticker symbol "CBG."

Shares of CBG stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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One share of CBG stock can currently be purchased for approximately GBX 907.50.

Close Brothers Group (LON:CBG) has a market capitalization of £1.36 billion and generates £796 million in revenue each year. The company earns £78.50 million in net income (profit) each year or GBX 0.53 on an earnings per share basis.

The company employs 3,700 workers across the globe.

Close Brothers Group's mailing address is 10 Crown Place, LONDON, EC2A 4FT, United Kingdom. The official website for the company is www.closebrothers.com. The company can be reached via phone at +44-20-76553100.