Insider Buying: Close Brothers Group (LON:CBG) Insider Acquires £20,369.02 in Stock

Close Brothers Group plc (LON:CBG) insider Kari Hale bought 5,017 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were purchased at an average price of GBX 406 per share, with a total value of £20,369.02.

Close Brothers Group Stock Up 4.5%

LON:CBG opened at GBX 467.40 on Friday. Close Brothers Group plc has a 52 week low of GBX 291.60 and a 52 week high of GBX 563.50. The company has a market cap of £703.66 million, a price-to-earnings ratio of -13.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company has a fifty day simple moving average of GBX 435.52 and a two-hundred day simple moving average of GBX 459.50.

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

Analyst Ratings Changes

CBG has been the subject of a number of recent research reports. Shore Capital Group downgraded shares of Close Brothers Group to a “hold” rating and set a GBX 475 price target for the company. in a research note on Wednesday, April 8th. Royal Bank Of Canada upgraded shares of Close Brothers Group to an “outperform” rating and raised their price objective for the company from GBX 475 to GBX 625 in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, UBS Group upgraded shares of Close Brothers Group to a “buy” rating and set a GBX 555 target price for the company in a research note 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 500.63.

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.