Key Points
- Insider purchase: Mike Morgan acquired 2,841 shares on January 12 at an average price of GBX 507 per share, totaling £14,403.87.
- Recent opposite trade: On December 24 he sold 2,538 shares at GBX 517 per share (≈£13,121.46), showing mixed insider buying and selling.
- Close Brothers shares opened at GBX 486, trade in a 52‑week range of GBX 207–563.50, and have a MarketBeat consensus rating of Hold with a target price of GBX 490.63.
Close Brothers Group plc (LON:CBG - Get Free Report) insider Mike Morgan acquired 2,841 shares of the firm's stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average cost of GBX 507 per share, with a total value 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 stock was sold at an average price of GBX 517, for a total transaction of £13,121.46.
Close Brothers Group Price Performance
Close Brothers Group stock opened at GBX 486 on Wednesday. Close Brothers Group plc has a fifty-two week low of GBX 207 and a fifty-two week high of GBX 563.50. The firm has a fifty day moving average price of GBX 466.91 and a two-hundred day moving average price of GBX 460.74. The firm has a market cap of £731.57 million, a price-to-earnings ratio of -7.26, a P/E/G ratio of 1.87 and a beta of 0.82.
Close Brothers Group (LON:CBG - Get Free Report) last issued its quarterly earnings results on Thursday, December 11th. The company reported GBX 59.30 earnings per share (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 expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have recently commented on CBG shares. Panmure Gordon reiterated a "hold" rating and set a GBX 500 price target on shares of Close Brothers Group in a report on Thursday, October 9th. Canaccord Genuity Group reiterated a "buy" rating and set 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 issued a GBX 510 price target on shares of Close Brothers Group in a research report on Thursday, November 20th. Royal Bank Of Canada cut 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 research report on Friday, October 3rd. Finally, Peel Hunt reissued an "add" rating and set a GBX 300 target price on shares of Close Brothers Group in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 490.63.
Check Out Our Latest Research Report 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.
Further Reading
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