Mike Morgan Sells 2,538 Shares of Close Brothers Group (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan sold 2,538 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of GBX 517, for a total transaction of £13,121.46.

Close Brothers Group Price Performance

Shares of LON:CBG opened at GBX 522.50 on Friday. Close Brothers Group plc has a one year low of GBX 206.57 and a one year high of GBX 563.50. The company has a market cap of £786.49 million, a price-to-earnings ratio of -7.81, a PEG ratio of 1.87 and a beta of 0.82. The firm has a 50 day simple moving average of GBX 453 and a 200 day simple moving average of GBX 451.47.

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

Wall Street Analyst Weigh In

CBG has been the subject of several research reports. Shore Capital restated a “hold” rating and issued a GBX 510 price target on shares of Close Brothers Group in a research report on Thursday, November 20th. Royal Bank Of Canada reduced their price objective on shares of Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating on the stock in a research note on Friday, October 3rd. 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. UBS Group reaffirmed a “neutral” rating and set a GBX 535 target price on shares of Close Brothers Group in a research report on Monday, September 15th. Finally, Panmure Gordon reiterated a “hold” rating and issued a GBX 500 price target on shares of Close Brothers Group in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.