Patricia Halliday Purchases 500 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Patricia Halliday purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average price of GBX 453 ($5.60) per share, for a total transaction of £2,265 ($2,797.68).

Close Brothers Group Price Performance

CBG stock opened at GBX 468.40 ($5.79) on Friday. Close Brothers Group plc has a 1-year low of GBX 278 ($3.43) and a 1-year high of GBX 998.50 ($12.33). The business has a fifty day moving average price of GBX 399.89 and a 200-day moving average price of GBX 604.41. The stock has a market capitalization of £704.90 million, a P/E ratio of 493.05, a P/E/G ratio of 1.87 and a beta of 0.81.

Analysts Set New Price Targets

Several research firms have commented on CBG. Berenberg Bank dropped their target price on Close Brothers Group from GBX 1,100 ($13.59) to GBX 425 ($5.25) and set a “buy” rating on the stock in a report on Thursday, February 15th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 463 ($5.72) target price on shares of Close Brothers Group in a report on Wednesday, February 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 375 ($4.63) target price on shares of Close Brothers Group in a report on Wednesday, March 20th. Finally, Shore Capital raised Close Brothers Group to a “buy” rating and set a GBX 665 ($8.21) target price on the stock in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 577.80 ($7.14).

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.