Close Brothers Group plc (LON:CBG) Insider Adrian Sainsbury Buys 13 Shares of Stock

Close Brothers Group plc (LON:CBGGet Rating) insider Adrian Sainsbury acquired 13 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The stock was purchased at an average cost of GBX 1,125 ($13.55) per share, with a total value of £146.25 ($176.20).

Adrian Sainsbury also recently made the following trade(s):

  • On Monday, December 5th, Adrian Sainsbury acquired 14 shares of Close Brothers Group stock. The stock was purchased at an average cost of GBX 1,105 ($13.31) per share, with a total value of £154.70 ($186.39).
  • On Monday, November 7th, Adrian Sainsbury bought 14 shares of Close Brothers Group stock. The shares were bought at an average cost of GBX 1,029 ($12.40) per share, with a total value of £144.06 ($173.57).

Close Brothers Group Trading Up 0.3 %

Shares of LON:CBG opened at GBX 1,124 ($13.54) on Friday. The stock has a market capitalization of £1.69 billion and a PE ratio of 1,021.82. Close Brothers Group plc has a 1 year low of GBX 872 ($10.51) and a 1 year high of GBX 1,474 ($17.76). The firm has a fifty day moving average price of GBX 1,055.60 and a 200 day moving average price of GBX 1,037.29.

Analysts Set New Price Targets

A number of brokerages have issued reports on CBG. Royal Bank of Canada decreased their target price on shares of Close Brothers Group from GBX 1,250 ($15.06) to GBX 1,100 ($13.25) and set an “outperform” rating for the company in a research note on Tuesday, October 18th. Berenberg Bank raised shares of Close Brothers Group to a “buy” rating and lifted their target price for the company from GBX 1,100 ($13.25) to GBX 1,250 ($15.06) in a research note on Monday, September 26th. Finally, Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,300 ($15.66).

About Close Brothers Group

(Get Rating)

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 various savings products, including personal and business savings, and pension deposits.

Further Reading

Insider Buying and Selling by Quarter for Close Brothers Group (LON:CBG)

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