Insider Selling: Close Brothers Group (LON:CBG) Insider Sells £6,926.76 in Stock

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy sold 1,626 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of GBX 426, for a total transaction of £6,926.76.

Fiona McCarthy also recently made the following trade(s):

• On Monday, July 6th, Fiona McCarthy acquired 37 shares of Close Brothers Group stock. The stock was purchased at an average price of GBX 406 per share, for a total transaction of £150.22.
• On Friday, June 5th, Fiona McCarthy acquired 33 shares of Close Brothers Group stock. The stock was purchased at an average price of GBX 459 per share, for a total transaction of £151.47.
• On Tuesday, May 5th, Fiona McCarthy acquired 34 shares of Close Brothers Group stock. The shares were purchased at an average cost of GBX 443 per share, with a total value of £150.62.

Close Brothers Group Trading Down 0.2%

Close Brothers Group stock opened at GBX 437.40 on Thursday. The firm has a 50-day moving average of GBX 432.55 and a 200-day moving average of GBX 447.21. The firm has a market cap of £659.22 million, a P/E ratio of -12.39, a P/E/G ratio of 1.87 and a beta of 1.25. Close Brothers Group plc has a 1-year low of GBX 318.40 and a 1-year high of GBX 563.50.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CBG. Shore Capital Group cut Close Brothers Group to a “hold” rating and set a GBX 475 price objective for the company. in a report on Wednesday, April 8th. Royal Bank Of Canada cut Close Brothers Group to a “sector perform” rating and reduced their target price for the company from GBX 625 to GBX 470 in a research note on Monday, July 6th. Finally, UBS Group restated a “buy” rating and set a GBX 555 target price on shares of Close Brothers Group in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 481.25.

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.