Close Brothers Group (LON:CBG) Insider Buys £148.37 in Stock

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy acquired 37 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average price of GBX 401 per share, with a total value of £148.37.

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

• On Friday, July 31st, Fiona McCarthy sold 1,626 shares of Close Brothers Group stock. The shares were sold at an average price of GBX 426, for a total value of £6,926.76.

Close Brothers Group Stock Performance

Shares of LON:CBG opened at GBX 382.60 on Friday. The business’s fifty day moving average price is GBX 412.37 and its two-hundred day moving average price is GBX 426.55. The stock has a market cap of £576.67 million, a PE ratio of -6.70, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. Close Brothers Group plc has a one year low of GBX 318.40 and a one year high of GBX 556.15.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, September 29th. The company reported GBX 47.50 earnings per share for the quarter. Close Brothers Group had a negative return on equity of 4.07% and a negative net margin of 7.56%. As a group, equities research analysts predict that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered shares of Close Brothers Group to a “sector perform” rating and cut their price objective for the company from GBX 625 to GBX 470 in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 478.57.

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.