Close Brothers Group (LON:CBG) Insider Acquires £14,403.87 in Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan purchased 2,841 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was bought at an average cost of GBX 507 per share, for a total transaction of £14,403.87.

Mike Morgan also recently made the following trade(s):

• On Wednesday, December 24th, Mike Morgan sold 2,538 shares of Close Brothers Group stock. The shares were sold at an average price of GBX 517, for a total value of £13,121.46.

Close Brothers Group Stock Performance

LON:CBG traded down GBX 12.30 during trading hours on Tuesday, reaching GBX 489.20. The stock had a trading volume of 478,565 shares, compared to its average volume of 362,609. The stock has a market cap of £736.39 million, a P/E ratio of -7.31, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock has a 50 day simple moving average of GBX 465.57 and a 200 day simple moving average of GBX 459.99. Close Brothers Group plc has a 12-month low of GBX 207 and a 12-month high of GBX 563.50.

Close Brothers Group (LON:CBG) last posted its quarterly earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, equities analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CBG has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and set a GBX 535 price objective on shares of Close Brothers Group in a report on Monday, September 15th. Keefe, Bruyette & Woods reduced their price target on shares of Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Panmure Gordon reissued a “hold” rating and set a GBX 500 price target on shares of Close Brothers Group in a research note on Thursday, October 9th. Peel Hunt restated an “add” rating and issued a GBX 300 price objective on shares of Close Brothers Group in a report on Tuesday, November 25th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 400 target price on shares of Close Brothers Group in a report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 490.63.

Close Brothers Group Company Profile

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.