Close Brothers Group plc (LON:CBG – Get Free Report) insider Mike Morgan sold 4,699 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of GBX 389, for a total value of £18,279.11.
Close Brothers Group Trading Up 2.3%
Shares of LON:CBG opened at GBX 377.40 on Friday. The business’s 50 day moving average is GBX 405.78 and its 200-day moving average is GBX 426.44. Close Brothers Group plc has a 1-year low of GBX 318.40 and a 1-year high of GBX 556.15. The firm has a market capitalization of £568.83 million, a PE ratio of -6.61, a PEG ratio of 1.87 and a beta of 1.24.
Close Brothers Group (LON:CBG – Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts predict that Close Brothers Group plc will post 66.01 EPS for the current year.
Analyst Ratings Changes
Separately, Royal Bank Of Canada downgraded Close Brothers Group to a “sector perform” rating and decreased their price target for the company from GBX 625 to GBX 470 in a research note on Monday, July 6th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 474.
Read Our Latest Report on Close Brothers Group
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.
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