Insider Buying: Close Brothers Group (LON:CBG) Insider Purchases £14,403.87 in Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan purchased 2,841 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average price of GBX 507 per share, for a total transaction of £14,403.87.

Mike Morgan also recently made the following trade(s):

• On Wednesday, December 24th, Mike Morgan sold 2,538 shares of Close Brothers Group stock. The stock was sold at an average price of GBX 517, for a total transaction of £13,121.46.

Close Brothers Group Stock Up 1.2%

Close Brothers Group stock opened at GBX 509.50 on Friday. The firm has a fifty day moving average of GBX 470.27 and a 200-day moving average of GBX 461.38. Close Brothers Group plc has a 52-week low of GBX 207 and a 52-week high of GBX 563.50. The firm has a market capitalization of £766.95 million, a P/E ratio of -7.62, a PEG ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last announced 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, research analysts expect that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Panmure Gordon reiterated a “hold” rating and set a GBX 500 target price on shares of Close Brothers Group in a report on Thursday, October 9th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 400 price objective on shares of Close Brothers Group in a research note on Thursday, October 16th. Royal Bank Of Canada reduced their target price on shares of Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating on the stock in a research report on Friday, October 3rd. Keefe, Bruyette & Woods lowered their price target on shares of Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a report on Friday, October 10th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 300 price objective on shares of Close Brothers Group in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 490.63.

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.