Close Brothers Group (LON:CBG) Insider Fiona McCarthy Buys 34 Shares

Key Points

• Insider buying: Director Fiona McCarthy acquired 34 shares on May 5 at an average price of GBX 443 (total £150.62) and previously bought 33 shares on March 5 at GBX 453.
• Price & trading: Shares rose ~7.1% to GBX 482.30 mid-day with 748,892 traded; the stock has a market cap of £726.09m, a negative PE (-13.66) and a 52‑week range of GBX 314.38–563.50.
• Analyst sentiment: Six analysts rate the stock Buy and two Hold, giving a consensus "Moderate Buy" and a consensus target of GBX 500.63, with recent price target increases up to GBX 625 (RBC) and GBX 570 (Deutsche Bank).

Close Brothers Group plc (LON:CBG - Get Free Report) insider Fiona McCarthy acquired 34 shares of the company's stock in a transaction dated Tuesday, May 5th. The shares were bought at an average cost of GBX 443 per share, with a total value of £150.62.

Fiona McCarthy also recently made the following trade(s):

• On Thursday, March 5th, Fiona McCarthy acquired 33 shares of Close Brothers Group stock. The shares were bought at an average cost of GBX 453 per share, with a total value of £149.49.

Close Brothers Group Stock Up 7.1%

Shares of LON CBG traded up GBX 31.90 during mid-day trading on Wednesday, reaching GBX 482.30. 748,892 shares of the company were exchanged, compared to its average volume of 3,456,774. Close Brothers Group plc has a 52 week low of GBX 314.38 and a 52 week high of GBX 563.50. The stock has a market capitalization of £726.09 million, a PE ratio of -13.66, a PEG ratio of 1.87 and a beta of 1.23. The company's 50 day moving average price is GBX 427.58 and its 200 day moving average price is GBX 457.81.

Close Brothers Group (LON:CBG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 17th. The company reported GBX 27.10 earnings per share for the quarter. Close Brothers Group had a negative net margin of 4.66% and a negative return on equity of 2.03%. On average, sell-side analysts predict that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on CBG shares. Royal Bank Of Canada raised shares of Close Brothers Group to an "outperform" rating and boosted their price target for the stock from GBX 475 to GBX 625 in a research note on Friday, January 16th. UBS Group raised shares of Close Brothers Group to a "buy" rating and set a GBX 555 price target for the company in a research note on Friday, March 27th. Shore Capital Group downgraded shares of Close Brothers Group to a "hold" rating and set a GBX 475 price target for the company. in a research note on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Close Brothers Group from GBX 550 to GBX 570 and gave the company a "buy" rating in a research report on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 500.63.

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.

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