Insider Selling: Close Brothers Group (LON:CBG) Insider Sells 4,699 Shares of Company Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan sold 4,699 shares of the 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 Stock Up 0.8%

Shares of CBG traded up GBX 2.80 during mid-day trading on Thursday, hitting GBX 369. The stock had a trading volume of 8,205,260 shares, compared to its average volume of 2,344,119. The company has a market cap of £556.17 million, a PE ratio of -6.46, a PEG ratio of 1.87 and a beta of 1.24. The company’s fifty day simple moving average is GBX 408.17 and its two-hundred day simple moving average is GBX 426.82. Close Brothers Group plc has a fifty-two week low of GBX 318.40 and a fifty-two 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 return on equity of 4.07% and a negative net margin of 7.56%. Equities analysts expect that Close Brothers Group plc will post 66.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered shares of Close Brothers Group to a “sector perform” rating and lowered their target price for the company from GBX 625 to GBX 470 in a research note on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Close Brothers Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 461.67.

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.