Insider Buying: Close Brothers Group (LON:CBG) Insider Acquires 37 Shares of Stock

Close Brothers Group plc (LON:CBG – Get Free Report) insider Fiona McCarthy acquired 37 shares of the stock in a transaction on Monday, July 6th. The shares were bought at an average price of GBX 406 per share, with a total value of £150.22.

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

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• On Friday, June 5th, Fiona McCarthy bought 33 shares of Close Brothers Group stock. The stock was bought at an average cost of GBX 459 per share, for a total transaction of £151.47.
• On Tuesday, May 5th, Fiona McCarthy bought 34 shares of Close Brothers Group stock. The stock was bought at an average cost of GBX 443 per share, for a total transaction of £150.62.

Close Brothers Group Stock Up 0.1%

Shares of LON:CBG traded up GBX 0.20 on Tuesday, hitting GBX 400. 1,025,916 shares of the company traded hands, compared to its average volume of 3,076,094. The stock has a 50 day simple moving average of GBX 447.10 and a 200-day simple moving average of GBX 461.29. The company has a market cap of £602.81 million, a PE ratio of -11.33, a PEG ratio of 1.87 and a beta of 1.24. Close Brothers Group plc has a 52 week low of GBX 318.40 and a 52 week high of GBX 563.50.

Wall Street Analysts Forecast Growth

CBG has been the subject of a number of analyst reports. Shore Capital Group lowered shares of Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a research note on Wednesday, April 8th. UBS Group reiterated a “buy” rating and set a GBX 555 price target on shares of Close Brothers Group in a report on Monday, May 18th. Finally, Royal Bank Of Canada downgraded shares of Close Brothers Group to a “sector perform” rating and reduced their price target for the company from GBX 625 to GBX 470 in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 481.25.

View Our Latest Analysis on Close Brothers Group

About Close Brothers Group

(Get Free Report)

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.

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