Close Brothers Group plc (LON:CBG) Insider Adrian Sainsbury Acquires 31 Shares

Close Brothers Group plc (LON:CBG) insider Adrian Sainsbury acquired 31 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of GBX 492 ($6.18) per share, with a total value of £152.52 ($191.61).

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

• On Friday, April 5th, Adrian Sainsbury acquired 35 shares of Close Brothers Group stock. The shares were purchased at an average price of GBX 420 ($5.28) per share, with a total value of £147 ($184.67).
• On Tuesday, March 5th, Adrian Sainsbury purchased 40 shares of Close Brothers Group stock. The shares were bought at an average price of GBX 378 ($4.75) per share, with a total value of £151.20 ($189.95).

Close Brothers Group Price Performance

Shares of LON CBG opened at GBX 494.80 ($6.22) on Thursday. Close Brothers Group plc has a one year low of GBX 278 ($3.49) and a one year high of GBX 998.50 ($12.54). The business’s fifty day moving average price is GBX 421.58 and its 200-day moving average price is GBX 582.70. The stock has a market capitalization of £744.62 million, a PE ratio of 520.84, a P/E/G ratio of 1.87 and a beta of 0.83.

Analyst Ratings Changes

CBG has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 463 ($5.82) price target on shares of Close Brothers Group in a report on Wednesday, February 21st. Berenberg Bank cut their price objective on Close Brothers Group from GBX 1,100 ($13.82) to GBX 425 ($5.34) and set a “buy” rating on the stock in a research report on Thursday, February 15th. Shore Capital raised Close Brothers Group to a “buy” rating and set a GBX 665 ($8.35) price objective on the stock in a research report on Thursday, March 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 375 ($4.71) price objective on shares of Close Brothers Group in a research report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Close Brothers Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 577.80 ($7.26).

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.