Key Points
- Insider transaction: Fiona McCarthy sold 1,626 Close Brothers Group shares at an average of GBX 426, for total proceeds of approximately £6,927. She had made three small stock purchases totaling 104 shares in May and July.
- Stock performance: Close Brothers shares opened at GBX 433.20, near their 50-day moving average of GBX 433.35, with a market capitalization of about £652.9 million. The stock has traded between GBX 318.40 and GBX 563.50 over the past year.
- Analyst outlook: The company has a consensus “Moderate Buy” rating from analysts, with an average price target of GBX 481.25; however, Royal Bank of Canada and Shore Capital recently downgraded the shares to “sector perform” and “hold,” respectively.
Close Brothers Group plc (LON:CBG - Get Free Report) insider Fiona McCarthy sold 1,626 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 426, for a total transaction of £6,926.76.
Fiona McCarthy also recently made the following trade(s):
- On Monday, July 6th, Fiona McCarthy purchased 37 shares of Close Brothers Group stock. The shares were purchased at an average price of GBX 406 per share, with a total value of £150.22.
- On Friday, June 5th, Fiona McCarthy purchased 33 shares of Close Brothers Group stock. The shares were purchased at an average price of GBX 459 per share, with a total value of £151.47.
- On Tuesday, May 5th, Fiona McCarthy purchased 34 shares of Close Brothers Group stock. The stock was acquired at an average cost of GBX 443 per share, for a total transaction of £150.62.
Close Brothers Group Stock Performance
Close Brothers Group stock opened at GBX 433.20 on Tuesday. The business's 50-day simple moving average is GBX 433.35 and its 200-day simple moving average is GBX 448.19. The firm has a market capitalization of £652.89 million, a PE ratio of -12.27, a PEG ratio of 1.87 and a beta of 1.24. Close Brothers Group plc has a 52 week low of GBX 318.40 and a 52 week high of GBX 563.50.
Wall Street Analyst Weigh In
Several research analysts have commented on CBG shares. Royal Bank Of Canada downgraded Close Brothers Group to a "sector perform" rating and dropped their price target for the stock from GBX 625 to GBX 470 in a research report on Monday, July 6th. UBS Group restated a "buy" rating and issued a GBX 555 price objective on shares of Close Brothers Group in a research note on Monday, May 18th. Finally, Shore Capital Group lowered shares of Close Brothers Group to a "hold" rating and set a GBX 475 target price on the stock. in a research report on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 481.25.
View Our Latest Report on Close Brothers Group
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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