Insider Buying: Close Brothers Group (LON:CBG) Insider Acquires 5,017 Shares of Stock

Key Points

• Insider purchase: Director Kari Hale bought 5,017 shares of Close Brothers on April 13 at an average price of GBX 406 per share, a transaction totaling £20,369.02.
• Recent trading & market metrics: The stock traded at GBX 435.20 with volume 297,233 (well below its ~3.89M average), a market cap of £655.18M, 50-/200-day moving averages of GBX 439.06/459.96, and a 12-month range of GBX 290.40–563.50.
• Financials & analyst view: Close Brothers reported GBX 27.10 EPS for the quarter but has a negative net margin (‑4.66%) and ROE, while analysts are mostly positive (six Buys, two Holds) with a consensus target of around GBX 500.63.

Close Brothers Group plc (LON:CBG - Get Free Report) insider Kari Hale acquired 5,017 shares of the company's stock in a transaction on Monday, April 13th. The stock was purchased at an average cost of GBX 406 per share, for a total transaction of £20,369.02.

Close Brothers Group Price Performance

Shares of Close Brothers Group stock traded up GBX 19.20 during trading hours on Tuesday, hitting GBX 435.20. The company had a trading volume of 297,233 shares, compared to its average volume of 3,887,066. The company's 50-day moving average is GBX 439.06 and its two-hundred day moving average is GBX 459.96. Close Brothers Group plc has a twelve month low of GBX 290.40 and a twelve month high of GBX 563.50. The company has a market cap of £655.18 million, a P/E ratio of -12.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Shore Capital Group cut shares of Close Brothers Group to a "hold" rating and set a GBX 475 target price on the stock. in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lifted their price target 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. UBS Group upgraded shares of Close Brothers Group to a "buy" rating and set a GBX 555 price objective on the stock in a research note on Friday, March 27th. Finally, Royal Bank Of Canada upgraded shares of Close Brothers Group to an "outperform" rating and lifted their price objective for the company from GBX 475 to GBX 625 in a research note on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Close Brothers Group currently has an average rating of "Moderate Buy" and a consensus target price of GBX 500.63.

Close Brothers Group Company Profile

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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