Close Brothers Group plc (LON:CBG) Insider Acquires £152.52 in Stock

Close Brothers Group plc (LON:CBGGet Free Report) insider Adrian Sainsbury acquired 31 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of GBX 492 ($6.18) per share, for a total transaction of £152.52 ($191.61).

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

  • On Friday, April 5th, Adrian Sainsbury purchased 35 shares of Close Brothers Group stock. The stock was bought at an average cost of GBX 420 ($5.28) per share, with a total value of £147 ($184.67).
  • On Tuesday, March 5th, Adrian Sainsbury acquired 40 shares of Close Brothers Group stock. The shares were bought at an average price of GBX 378 ($4.75) per share, for a total transaction of £151.20 ($189.95).

Close Brothers Group Price Performance

CBG opened at GBX 508 ($6.38) on Friday. The stock’s 50 day simple moving average is GBX 427.04 and its 200 day simple moving average is GBX 580.37. The firm has a market cap of £764.49 million, a price-to-earnings ratio of 534.74, a PEG ratio of 1.87 and a beta of 0.83. Close Brothers Group plc has a 1 year low of GBX 278 ($3.49) and a 1 year high of GBX 998.50 ($12.54).

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CBG shares. Shore Capital raised Close Brothers Group to a “buy” rating and set a GBX 665 ($8.35) target price on the stock in a research note on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 375 ($4.71) price objective on shares of Close Brothers Group in a report on Wednesday, March 20th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 463 ($5.82) price target on shares of Close Brothers Group in a research report on Wednesday, February 21st. Finally, Berenberg Bank cut their price objective on shares of Close Brothers Group from GBX 1,100 ($13.82) to GBX 425 ($5.34) and set a “buy” rating for the company in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Close Brothers Group has an average rating of “Moderate Buy” and a consensus price target of GBX 577.80 ($7.26).

Check Out Our Latest Report 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.

See Also

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

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