Mark Pain Acquires 8,898 Shares of Close Brothers Group (LON:CBG) Stock

Key Points

• Insider purchase: Mark Pain bought 8,898 shares on April 8 at an average price of GBX 449, worth £39,952.02.
• Stock and profitability: CBG traded down to GBX 415.40 (market cap £625.37m) and shows weak fundamentals with a negative P/E (-11.77), negative net margin (-4.66%) and negative ROE (-2.03%).
• Analyst outlook: Six analysts rate the stock Buy and two Hold, yielding a consensus "Moderate Buy" and an average price target of GBX 500.63 after multiple recent upgrades.

Close Brothers Group plc (LON:CBG - Get Free Report) insider Mark Pain acquired 8,898 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The shares were purchased at an average cost of GBX 449 per share, with a total value of £39,952.02.

Close Brothers Group Stock Down 1.4%

Shares of CBG stock traded down GBX 5.80 on Friday, reaching GBX 415.40. The company had a trading volume of 1,104,500 shares, compared to its average volume of 3,965,215. The business's 50-day moving average is GBX 442.68 and its 200 day moving average is GBX 461.28. The stock has a market capitalization of £625.37 million, a PE ratio of -11.77, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Close Brothers Group plc has a one year low of GBX 272 and a one year high of GBX 563.50.

Close Brothers Group (LON:CBG - Get Free Report) last released its quarterly 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%. On average, sell-side analysts forecast that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on 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 raised Close Brothers Group to a "buy" rating and set a GBX 555 price objective on the stock in a research report on Friday, March 27th. Royal Bank Of Canada raised Close Brothers Group to an "outperform" rating and upped their price objective for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. Finally, Shore Capital Group downgraded Close Brothers Group to a "hold" rating and set a GBX 475 price target on the stock. in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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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