Close Brothers Group plc (LON:CBG) Insider Adrian Sainsbury Buys 35 Shares

Close Brothers Group plc (LON:CBG) insider Adrian Sainsbury bought 35 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were acquired at an average cost of GBX 420 ($5.32) per share, with a total value of £147 ($186.05).

Adrian Sainsbury also recently made the following trade(s):

• On Tuesday, March 5th, Adrian Sainsbury bought 40 shares of Close Brothers Group stock. The shares were acquired at an average cost of GBX 378 ($4.78) per share, with a total value of £151.20 ($191.37).
• On Monday, February 5th, Adrian Sainsbury bought 29 shares of Close Brothers Group stock. The shares were acquired at an average cost of GBX 515 ($6.52) per share, with a total value of £149.35 ($189.03).

Close Brothers Group Stock Up 3.7 %

Shares of CBG opened at GBX 470.80 ($5.96) on Thursday. The company has a market capitalization of £708.51 million, a P/E ratio of 495.58, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. The firm has a 50 day moving average of GBX 394.49 and a 200 day moving average of GBX 636.78. Close Brothers Group plc has a twelve month low of GBX 278 ($3.52) and a twelve month high of GBX 998.50 ($12.64).

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Shore Capital raised shares of Close Brothers Group to a “buy” rating and set a GBX 665 ($8.42) target price for the company in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 375 ($4.75) target price on shares of Close Brothers Group in a research note on Wednesday, March 20th. Berenberg Bank reduced their price target on shares of Close Brothers Group from GBX 1,100 ($13.92) to GBX 425 ($5.38) and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 463 ($5.86) price target on shares of Close Brothers Group in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 577.80 ($7.31).

About Close Brothers Group

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.