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

Close Brothers Group plc (LON:CBG – Get 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.