Fiona McCarthy Acquires 33 Shares of Close Brothers Group (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy bought 33 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was bought at an average cost of GBX 453 per share, for a total transaction of £149.49.

Fiona McCarthy also recently made the following trade(s):

• On Monday, January 5th, Fiona McCarthy acquired 28 shares of Close Brothers Group stock. The shares were bought at an average cost of GBX 522 per share, for a total transaction of £146.16.

Close Brothers Group Stock Performance

LON:CBG traded down GBX 7.81 during trading hours on Friday, reaching GBX 436.59. The stock had a trading volume of 4,429,964 shares, compared to its average volume of 1,039,312. The stock has a market capitalization of £657.24 million, a PE ratio of -6.53, a PEG ratio of 1.87 and a beta of 1.18. Close Brothers Group plc has a 52 week low of GBX 246.80 and a 52 week high of GBX 563.50. The company has a 50 day moving average price of GBX 505.04 and a two-hundred day moving average price of GBX 476.72.

Close Brothers Group (LON:CBG) last issued its earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a negative net margin of 8.70% and a negative return on equity of 5.83%. Equities research analysts predict that Close Brothers Group plc will post 66.0070671 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada raised Close Brothers Group to an “outperform” rating and upped their target price for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Shore Capital Group reissued a “hold” rating and set a GBX 510 price objective on shares of Close Brothers Group in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 300 price target on shares of Close Brothers Group in a report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 502.50.

About Close Brothers Group

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.