Adrian Sainsbury Buys 40 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBGGet Free Report) insider Adrian Sainsbury acquired 40 shares of the stock in a transaction on Monday, October 7th. The shares were purchased at an average price of GBX 373 ($4.88) per share, with a total value of £149.20 ($195.26).

Adrian Sainsbury also recently made the following trade(s):

  • On Thursday, September 5th, Adrian Sainsbury purchased 27 shares of Close Brothers Group stock. The stock was acquired at an average price of GBX 552 ($7.22) per share, for a total transaction of £149.04 ($195.05).
  • On Monday, August 5th, Adrian Sainsbury acquired 33 shares of Close Brothers Group stock. The shares were acquired at an average price of GBX 464 ($6.07) per share, with a total value of £153.12 ($200.39).

Close Brothers Group Price Performance

Close Brothers Group stock opened at GBX 372.20 ($4.87) on Friday. The business has a 50 day moving average of GBX 473.69 and a 200-day moving average of GBX 468.59. The company has a market capitalization of £560.12 million, a P/E ratio of 620.33, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group plc has a 1 year low of GBX 278 ($3.64) and a 1 year high of GBX 882 ($11.54).

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Close Brothers Group in a report on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.98) target price for the company. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research note on Monday, September 16th. Finally, Royal Bank of Canada upgraded shares of Close Brothers Group to an “outperform” rating and raised their target price for the company from GBX 375 ($4.91) to GBX 620 ($8.11) in a research report on Thursday, August 29th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 556.60 ($7.28).

Get Our Latest Report on CBG

About Close Brothers Group

(Get Free Report)

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.

Further Reading

Insider Buying and Selling by Quarter for Close Brothers Group (LON:CBG)

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