Close Brothers Group (LON:CBG) Insider Buys £146.16 in Stock

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy acquired 28 shares of Close Brothers Group stock in a transaction on Monday, January 5th. The shares were bought at an average price of GBX 522 per share, with a total value of £146.16.

Close Brothers Group Stock Up 1.7%

Shares of LON CBG traded up GBX 9 during trading on Tuesday, hitting GBX 534. The company had a trading volume of 437,754 shares, compared to its average volume of 372,542. The firm has a market capitalization of £803.80 million, a price-to-earnings ratio of -7.98, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock has a fifty day simple moving average of GBX 456.82 and a two-hundred day simple moving average of GBX 454.78. Close Brothers Group plc has a fifty-two week low of GBX 206.57 and a fifty-two week high of GBX 563.50.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.

Analysts Set New Price Targets

CBG has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price objective on Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a research note on Friday, October 10th. UBS Group reaffirmed a “neutral” rating and set a GBX 535 target price on shares of Close Brothers Group in a report on Monday, September 15th. Shore Capital reissued a “hold” rating and issued a GBX 510 price target on shares of Close Brothers Group in a research note on Thursday, November 20th. Peel Hunt reaffirmed an “add” rating and set a GBX 300 price objective on shares of Close Brothers Group in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada cut their price objective on shares of Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating for the company in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Close Brothers Group has a consensus rating of “Hold” and a consensus price target of GBX 490.63.

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.