Insider Buying: Close Brothers Group (LON:CBG) Insider Purchases 37 Shares of Stock

Close Brothers Group plc (LON:CBG) insider Fiona McCarthy acquired 37 shares of the company’s stock in a transaction on Monday, October 5th. The shares were acquired at an average cost of GBX 401 per share, for a total transaction 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 stock was sold at an average price of GBX 426, for a total transaction of £6,926.76.

Close Brothers Group Price Performance

LON:CBG traded up GBX 0.20 on Tuesday, reaching GBX 395.20. 624,710 shares of the company’s stock were exchanged, compared to its average volume of 2,373,905. The firm has a market cap of £595.65 million, a price-to-earnings ratio of -11.20, a P/E/G ratio of 1.87 and a beta of 1.24. The stock has a fifty day simple moving average of GBX 414.57 and a 200-day simple moving average of GBX 425.73. Close Brothers Group plc has a 52 week low of GBX 318.40 and a 52 week high of GBX 556.15.

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

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded Close Brothers Group to a “sector perform” rating and dropped their target price for the stock from GBX 625 to GBX 470 in a research report on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Close Brothers Group currently 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.