Close Brothers Group plc (LON:CBG) Insider Patricia Halliday Acquires 500 Shares

Close Brothers Group plc (LON:CBG) insider Patricia Halliday acquired 500 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average cost of GBX 453 ($5.60) per share, for a total transaction of £2,265 ($2,797.68).

Close Brothers Group Price Performance

Shares of LON:CBG traded down GBX 5.40 ($0.07) during mid-day trading on Wednesday, hitting GBX 458.80 ($5.67). The company had a trading volume of 238,057 shares, compared to its average volume of 1,135,670. The firm has a fifty day moving average price of GBX 392.14 and a 200 day moving average price of GBX 609.11. The company has a market capitalization of £690.45 million, a PE ratio of 488.63, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. Close Brothers Group plc has a one year low of GBX 278 ($3.43) and a one year high of GBX 998.50 ($12.33).

Analyst Upgrades and Downgrades

A number of research firms recently commented on CBG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 375 ($4.63) price target on shares of Close Brothers Group in a research report on Wednesday, March 20th. Shore Capital upgraded shares of Close Brothers Group to a “buy” rating and set a GBX 665 ($8.21) price objective on the stock in a research note on Thursday, March 21st. Berenberg Bank reduced their price target on shares of Close Brothers Group from GBX 1,100 ($13.59) to GBX 425 ($5.25) and set a “buy” rating on the stock in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 463 ($5.72) price objective on shares of Close Brothers Group in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Close Brothers Group currently has an average rating of “Moderate Buy” and an average price target of GBX 577.80 ($7.14).

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.