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

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy purchased 33 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price 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 acquired 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 Trading Up 0.5%

LON:CBG traded up GBX 2.28 on Monday, reaching GBX 455.48. 186,307 shares of the stock traded hands, compared to its average volume of 3,087,588. The company has a market capitalization of £686.42 million, a price-to-earnings ratio of -12.90, a PEG ratio of 1.87 and a beta of 1.24. Close Brothers Group plc has a 12 month low of GBX 318.40 and a 12 month high of GBX 563.50. The company’s fifty day simple moving average is GBX 442.82 and its 200 day simple moving average is GBX 461.44.

Close Brothers Group (LON:CBG) last issued its earnings results 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%. Equities analysts anticipate that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBG. UBS Group reissued a “buy” rating and issued a GBX 555 target price on shares of Close Brothers Group in a report on Monday, May 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 625 price objective on shares of Close Brothers Group in a research report on Friday, May 22nd. Finally, Shore Capital Group downgraded Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Close Brothers Group has a consensus rating of “Moderate Buy” and an average target price of GBX 500.63.

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.