Close Brothers Group plc (CBG) Insider Purchases £147.50 in Stock
Close Brothers Group plc (LON:CBG) insider Rebekah Etherington bought 10 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was acquired at an average cost of GBX 1,475 ($19.56) per share, for a total transaction of £147.50 ($195.65).
Rebekah Etherington also recently made the following trade(s):
- On Tuesday, October 3rd, Rebekah Etherington sold 19,477 shares of Close Brothers Group plc stock. The shares were sold at an average price of GBX 1,474 ($19.55), for a total transaction of £287,090.98 ($380,807.77).
- On Tuesday, September 5th, Rebekah Etherington bought 10 shares of Close Brothers Group plc stock. The stock was acquired at an average cost of GBX 1,535 ($20.36) per share, for a total transaction of £153.50 ($203.61).
Close Brothers Group plc (LON CBG) traded up 0.54% during midday trading on Friday, reaching GBX 1491.00. 152,116 shares of the company traded hands. The firm has a 50 day moving average of GBX 1,517.25 and a 200-day moving average of GBX 1,555.56. Close Brothers Group plc has a 12 month low of GBX 1,222.00 and a 12 month high of GBX 1,715.00. The stock’s market capitalization is GBX 2.23 billion.
Close Brothers Group plc (LON:CBG) last posted its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.75) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 130.10 ($1.73) by GBX 1.60 ($0.02). The business had revenue of £765.60 million during the quarter. Close Brothers Group plc had a net margin of 23.84% and a return on equity of 17.25%. Analysts forecast that Close Brothers Group plc will post $129.77 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Tuesday, November 21st. Investors of record on Thursday, October 12th will be paid a dividend of GBX 40 ($0.53) per share. This is a boost from Close Brothers Group plc’s previous dividend of $20.00. This represents a yield of 2.71%. The ex-dividend date is Thursday, October 12th.
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A number of brokerages have recently commented on CBG. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,800 ($23.88) target price on shares of Close Brothers Group plc in a research note on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a GBX 1,543 ($20.47) target price (up previously from GBX 1,506 ($19.98)) on shares of Close Brothers Group plc in a research note on Thursday, September 28th. Barclays PLC cut their target price on shares of Close Brothers Group plc from GBX 1,550 ($20.56) to GBX 1,450 ($19.23) and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. Liberum Capital reissued a “hold” rating and issued a GBX 1,535 ($20.36) target price on shares of Close Brothers Group plc in a research note on Tuesday, September 26th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group plc in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 1,554.13 ($20.61).
About Close Brothers Group plc
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance.
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