Close Brothers Group plc (LON:CBG) Insider Purchases £149.04 in Stock

Close Brothers Group plc (LON:CBG) insider Adrian Sainsbury acquired 27 shares of Close Brothers Group stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of GBX 552 ($7.26) per share, for a total transaction of £149.04 ($195.98).

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

• On Monday, August 5th, Adrian Sainsbury acquired 33 shares of Close Brothers Group stock. The stock was acquired at an average cost of GBX 464 ($6.10) per share, for a total transaction of £153.12 ($201.34).
• On Friday, July 5th, Adrian Sainsbury purchased 30 shares of Close Brothers Group stock. The shares were purchased at an average price of GBX 496 ($6.52) per share, for a total transaction of £148.80 ($195.66).

Close Brothers Group Stock Performance

Shares of LON:CBG traded down GBX 16 ($0.21) during midday trading on Friday, reaching GBX 535 ($7.03). 380,663 shares of the company’s stock traded hands, compared to its average volume of 785,397. The company has a market cap of £805.12 million, a P/E ratio of 580.00, a PEG ratio of 1.87 and a beta of 0.83. The company has a fifty day simple moving average of GBX 493.13 and a two-hundred day simple moving average of GBX 452.35. Close Brothers Group plc has a 1 year low of GBX 278 ($3.66) and a 1 year high of GBX 911.50 ($11.99).

Wall Street Analyst Weigh In

Several brokerages have issued reports on CBG. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Close Brothers Group in a research note on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($8.02) price objective for the company. Finally, Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and increased their target price for the company from GBX 375 ($4.93) to GBX 620 ($8.15) in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 624 ($8.21).

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.