Insider Buying: Close Brothers Group (LON:CBG) Insider Buys £148.37 in Stock

Key Points

• Insider transaction: Fiona McCarthy purchased 37 Close Brothers Group shares at GBX 401 each, worth £148.37. She previously sold 1,626 shares in July for £6,926.76.
• Stock performance: Shares rose 0.1% to GBX 395.20, below their 50-day and 200-day moving averages, with a market capitalization of approximately £595.65 million.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating and an average price target of GBX 481.25, although Royal Bank of Canada cut its rating to “sector perform” and lowered its target to GBX 470.

Close Brothers Group plc (LON:CBG - Get Free Report) insider Fiona McCarthy purchased 37 shares of the firm's stock in a transaction on Monday, October 5th. The stock was acquired at an average price of GBX 401 per share, with a total value of £148.37.

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

• On Friday, July 31st, Fiona McCarthy sold 1,626 shares of Close Brothers Group stock. The stock was sold at an average price of GBX 426, for a total value of £6,926.76.

Close Brothers Group Stock Up 0.1%

LON:CBG traded up GBX 0.20 on Tuesday, hitting GBX 395.20. The stock had a trading volume of 624,710 shares, compared to its average volume of 2,373,905. Close Brothers Group plc has a 52 week low of GBX 318.40 and a 52 week high of GBX 556.15. The business's fifty day moving average is GBX 414.57 and its 200 day moving average is GBX 425.73. The company has a market cap of £595.65 million, a PE ratio of -11.20, a P/E/G ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG - Get Free Report) last announced its quarterly earnings results on Tuesday, September 29th. The company reported GBX 47.50 EPS for the quarter. Close Brothers Group had a negative net margin of 7.56% and a negative return on equity of 4.07%. Equities analysts predict that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered Close Brothers Group to a "sector perform" rating and decreased their target price for the company from GBX 625 to GBX 470 in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 481.25.

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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