Close Brothers Group plc (LON:CBG) Insider Patricia Halliday Buys 500 Shares

Close Brothers Group plc (LON:CBG) insider Patricia Halliday bought 500 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average price of GBX 453 ($5.60) per share, for a total transaction of £2,265 ($2,797.68).

Close Brothers Group Trading Down 1.2 %

Shares of CBG opened at GBX 458.80 ($5.67) on Thursday. The company has a market cap of £690.45 million, a price-to-earnings ratio of 482.95, a PEG ratio of 1.87 and a beta of 0.81. The company’s fifty day simple moving average is GBX 393.35 and its 200 day simple moving average is GBX 608.05. Close Brothers Group plc has a 1-year low of GBX 278 ($3.43) and a 1-year high of GBX 998.50 ($12.33).

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 375 ($4.63) price objective on shares of Close Brothers Group in a report on Wednesday, March 20th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 463 ($5.72) price target on shares of Close Brothers Group in a research note on Wednesday, February 21st. Shore Capital upgraded shares of Close Brothers Group to a “buy” rating and set a GBX 665 ($8.21) price objective for the company in a research note on Thursday, March 21st. Finally, Berenberg Bank decreased their price objective on Close Brothers Group from GBX 1,100 ($13.59) to GBX 425 ($5.25) and set a “buy” rating for the company in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Close Brothers Group has a consensus rating of “Moderate Buy” and an average target price of GBX 577.80 ($7.14).

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.