Insider Buying: Close Brothers Group (LON:CBG) Insider Acquires £150.22 in Stock

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy acquired 37 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average price of GBX 406 per share, with a total value of £150.22.

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

• On Friday, June 5th, Fiona McCarthy purchased 33 shares of Close Brothers Group stock. The stock was bought 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 bought at an average price of GBX 443 per share, with a total value of £150.62.

Close Brothers Group Trading Up 0.1%

CBG stock traded up GBX 0.20 during trading on Tuesday, hitting GBX 400. The company had a trading volume of 1,025,916 shares, compared to its average volume of 3,076,094. The stock has a market cap of £602.81 million, a PE ratio of -11.33, a PEG ratio of 1.87 and a beta of 1.24. The business has a 50-day moving average of GBX 447.10 and a 200-day moving average of GBX 461.29. Close Brothers Group plc has a one year low of GBX 318.40 and a one year high of GBX 563.50.

Analyst Upgrades and Downgrades

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

About Close Brothers Group

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.