Key Points
- Insider purchase: Fiona McCarthy bought 37 Close Brothers Group shares at GBX 401 each, for a total of £148.37. She previously sold 1,626 shares at GBX 426 in July.
- Stock performance and financials: Shares opened at GBX 395.20, below their 50-day and 200-day moving averages. The company reported quarterly EPS of GBX 47.50 and continues to show a negative net margin and return on equity.
- Analyst outlook: RBC downgraded the stock to “sector perform” and cut its price target to GBX 470, while the broader analyst consensus remains “Moderate Buy” with an average target of GBX 481.25.
Close Brothers Group plc (LON:CBG - Get Free Report) insider Fiona McCarthy purchased 37 shares of the business's stock in a transaction on Monday, October 5th. The shares were acquired at an average cost of GBX 401 per share, with a total value of £148.37.
Fiona McCarthy also recently made the following trade(s):
- On Friday, July 31st, Fiona McCarthy sold 1,626 shares of Close Brothers Group stock. The stock was sold at an average price of GBX 426, for a total transaction of £6,926.76.
Close Brothers Group Price Performance
LON:CBG opened at GBX 395.20 on Wednesday. The company has a market cap of £595.65 million, a P/E ratio of -11.20, a P/E/G ratio of 1.87 and a beta of 1.24. The firm's fifty day moving average price is GBX 413.74 and its two-hundred day moving average price is GBX 426.04. Close Brothers Group plc has a one year low of GBX 318.40 and a one year high of GBX 556.15.
Close Brothers Group (LON:CBG - Get Free Report) last posted its earnings results on Tuesday, September 29th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Close Brothers Group had a negative net margin of 7.56% and a negative return on equity of 4.07%. As a group, equities research analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada cut shares of Close Brothers Group to a "sector perform" rating and lowered their price target for the company from GBX 625 to GBX 470 in a report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Close Brothers Group has an average rating of "Moderate Buy" and an average target price of GBX 481.25.
Read Our Latest Analysis on CBG
Close Brothers Group Company Profile
(
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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