Insider Buying: Close Brothers Group (LON:CBG) Insider Buys 8,898 Shares of Stock

Close Brothers Group plc (LON:CBG) insider Mark Pain acquired 8,898 shares of Close Brothers Group stock in a transaction dated Wednesday, April 8th. The stock was purchased at an average price of GBX 449 per share, with a total value of £39,952.02.

Close Brothers Group Stock Performance

Close Brothers Group stock traded down GBX 5.80 during midday trading on Friday, hitting GBX 415.40. 1,104,500 shares of the company were exchanged, compared to its average volume of 3,965,215. The firm has a market capitalization of £625.37 million, a PE ratio of -11.77, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Close Brothers Group plc has a fifty-two week low of GBX 272 and a fifty-two week high of GBX 563.50. The business has a fifty day simple moving average of GBX 442.68 and a two-hundred day simple moving average of GBX 461.28.

Close Brothers Group (LON:CBG) last posted its earnings results on Tuesday, March 17th. The company reported GBX 27.10 EPS for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. As a group, equities analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CBG shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Royal Bank Of Canada upgraded Close Brothers Group to an “outperform” rating and lifted their target price for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Shore Capital Group downgraded Close Brothers Group to a “hold” rating and set a GBX 475 price objective on the stock. in a report on Wednesday. Finally, UBS Group upgraded Close Brothers Group to a “buy” rating and set a GBX 555 price target on the stock in a report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 500.63.

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.