Mike Morgan Buys 2,841 Shares of Close Brothers Group (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan purchased 2,841 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average price of GBX 507 per share, for a total transaction of £14,403.87.

Mike Morgan also recently made the following trade(s):

• On Wednesday, December 24th, Mike Morgan sold 2,538 shares of Close Brothers Group stock. The shares were sold at an average price of GBX 517, for a total value of £13,121.46.

Close Brothers Group Stock Up 3.6%

CBG stock opened at GBX 503.50 on Thursday. The stock’s 50 day moving average is GBX 468.56 and its two-hundred day moving average is GBX 461.04. Close Brothers Group plc has a 52-week low of GBX 207 and a 52-week high of GBX 563.50. The company has a market capitalization of £757.91 million, a PE ratio of -7.53, a P/E/G ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last released its earnings results on Thursday, December 11th. The company reported GBX 59.30 EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, sell-side analysts anticipate that Close Brothers Group plc will post 66.0070671 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and issued a GBX 400 target price on shares of Close Brothers Group in a research note on Thursday, October 16th. Shore Capital restated a “hold” rating and set a GBX 510 price objective on shares of Close Brothers Group in a research note on Thursday, November 20th. Peel Hunt reaffirmed an “add” rating and set a GBX 300 target price on shares of Close Brothers Group in a report on Tuesday, November 25th. Panmure Gordon reissued a “hold” rating and set a GBX 500 price target on shares of Close Brothers Group in a research report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 490.63.

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.