Insider Buying: Close Brothers Group (LON:CBG) Insider Acquires 33 Shares of Stock

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy bought 33 shares of the stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of GBX 459 per share, for a total transaction of £151.47.

Fiona McCarthy also recently made the following trade(s):

• On Tuesday, May 5th, Fiona McCarthy purchased 34 shares of Close Brothers Group stock. The shares were purchased at an average price of GBX 443 per share, with a total value of £150.62.

Close Brothers Group Stock Performance

Shares of LON CBG traded up GBX 2.28 during midday trading on Monday, hitting GBX 455.48. 186,307 shares of the company’s stock traded hands, compared to its average volume of 3,087,588. The firm has a fifty day moving average of GBX 442.82 and a 200 day moving average of GBX 461.44. Close Brothers Group plc has a 1 year low of GBX 318.40 and a 1 year high of GBX 563.50. The stock has a market capitalization of £686.42 million, a price-to-earnings ratio of -12.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on CBG. Shore Capital Group downgraded shares of Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a research report on Wednesday, April 8th. UBS Group reiterated a “buy” rating and set a GBX 555 target price on shares of Close Brothers Group in a research report on Monday, May 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 625 price target on shares of Close Brothers Group in a research report on Friday, May 22nd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Close Brothers Group has a consensus rating of “Moderate Buy” and an average price target 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.