Insider Buying: Close Brothers Group plc (LON:CBG) Insider Acquires 31 Shares of Stock

Close Brothers Group plc (LON:CBG) insider Adrian Sainsbury acquired 31 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of GBX 492 ($6.18) per share, for a total transaction of £152.52 ($191.61).

Adrian Sainsbury also recently made the following trade(s):

• On Friday, April 5th, Adrian Sainsbury acquired 35 shares of Close Brothers Group stock. The stock was purchased at an average cost of GBX 420 ($5.28) per share, with a total value of £147 ($184.67).
• On Tuesday, March 5th, Adrian Sainsbury acquired 40 shares of Close Brothers Group stock. The shares were bought at an average cost of GBX 378 ($4.75) per share, with a total value of £151.20 ($189.95).

Close Brothers Group Stock Performance

CBG traded up GBX 21.72 ($0.27) during trading on Wednesday, reaching GBX 493.12 ($6.19). The stock had a trading volume of 529,036 shares, compared to its average volume of 1,173,062. The business has a 50-day moving average of GBX 418.66 and a 200-day moving average of GBX 583.32. Close Brothers Group plc has a one year low of GBX 278 ($3.49) and a one year high of GBX 998.50 ($12.54). The stock has a market cap of £742.10 million, a PE ratio of 496.21, a PEG ratio of 1.87 and a beta of 0.83.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CBG. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 463 ($5.82) price target on shares of Close Brothers Group in a research report on Wednesday, February 21st. Royal Bank of Canada restated a “sector perform” rating and set a GBX 375 ($4.71) price target on shares of Close Brothers Group in a research note on Wednesday, March 20th. Shore Capital upgraded shares of Close Brothers Group to a “buy” rating and set a GBX 665 ($8.35) price objective for the company in a research note on Thursday, March 21st. Finally, Berenberg Bank lowered their price target on shares of Close Brothers Group from GBX 1,100 ($13.82) to GBX 425 ($5.34) and set a “buy” rating on the stock in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 577.80 ($7.26).

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.