Key Points
- Insider sale: Close Brothers Group insider Mike Morgan sold 4,699 shares at an average price of GBX 389, generating approximately £18,279.
- Financial performance: The company reported quarterly EPS of GBX 47.50, but posted a negative net margin of 7.56% and negative return on equity of 4.07%.
- Analyst outlook: RBC downgraded the stock to “sector perform” and reduced its target price to GBX 470, while the broader analyst consensus remains “Moderate Buy” with a GBX 474 target.
Close Brothers Group plc (LON:CBG - Get Free Report) insider Mike Morgan sold 4,699 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of GBX 389, for a total transaction of £18,279.11.
Close Brothers Group Trading Up 0.8%
Shares of Close Brothers Group stock opened at GBX 369 on Friday. Close Brothers Group plc has a 12-month low of GBX 318.40 and a 12-month high of GBX 556.15. The firm has a market capitalization of £556.17 million, a price-to-earnings ratio of -6.46, a PEG ratio of 1.87 and a beta of 1.24. The firm's 50 day simple moving average is GBX 406.89 and its two-hundred day simple moving average is GBX 426.78.
Close Brothers Group (LON:CBG - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts predict that Close Brothers Group plc will post 66.01 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Royal Bank Of Canada downgraded Close Brothers Group to a "sector perform" rating and cut their target price for the company from GBX 625 to GBX 470 in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 474.
Check Out Our Latest Research Report on Close Brothers Group
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
