Key Points
- Insider Mike Morgan sold 2,538 shares on December 24 at an average price of GBX 517, totaling £13,121.46.
- The stock has a consensus rating of Hold with an average price target of GBX 490.63, while recent analyst targets have ranged from GBX 300 to GBX 580.
- Shares opened at GBX 522.50 (12‑month range GBX 206.57–563.50); the company reported quarterly EPS of GBX 59.30, ROE of 5.78% and a net margin of 7.79%, with sell‑side forecasts around GBX 66 EPS for the fiscal year.
Close Brothers Group plc (LON:CBG - Get Free Report) insider Mike Morgan sold 2,538 shares of the firm's stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of GBX 517, for a total transaction of £13,121.46.
Close Brothers Group Trading Down 0.8%
Shares of LON CBG opened at GBX 522.50 on Thursday. Close Brothers Group plc has a 12-month low of GBX 206.57 and a 12-month high of GBX 563.50. The company has a market cap of £786.49 million, a PE ratio of -7.81, a P/E/G ratio of 1.87 and a beta of 0.82. The stock has a 50 day simple moving average of GBX 451.24 and a 200-day simple moving average of GBX 450.97.
Close Brothers Group (LON:CBG - Get Free Report) last posted 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%. Sell-side analysts forecast that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently weighed in on CBG. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 400 price objective on shares of Close Brothers Group in a report on Thursday, October 16th. Keefe, Bruyette & Woods dropped their price target on shares of Close Brothers Group from GBX 640 to GBX 580 and set an "outperform" rating on the stock in a research report on Friday, October 10th. Royal Bank Of Canada decreased their price objective on shares of Close Brothers Group from GBX 525 to GBX 500 and set a "sector perform" rating for the company in a report on Friday, October 3rd. Panmure Gordon reiterated a "hold" rating and set a GBX 500 price objective on shares of Close Brothers Group in a research note on Thursday, October 9th. Finally, Peel Hunt reissued an "add" rating and set a GBX 300 target price on shares of Close Brothers Group in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 490.63.
View Our Latest Stock Analysis on CBG
About Close Brothers Group
(
Get Free Report)
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.
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