Close Brothers Group (LON:CBG) Reaches New 1-Year Low at $498.40

Close Brothers Group plc (LON:CBGGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 498.40 ($6.25) and last traded at GBX 499 ($6.26), with a volume of 25974 shares changing hands. The stock had previously closed at GBX 502 ($6.29).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a report on Thursday, February 1st.

Check Out Our Latest Research Report on CBG

Close Brothers Group Price Performance

The company has a market cap of £713.62 million, a price-to-earnings ratio of 886.67, a P/E/G ratio of 1.87 and a beta of 0.83. The firm’s fifty day moving average price is GBX 701.81 and its 200-day moving average price is GBX 782.95.

Insider Activity

In related news, insider Adrian Sainsbury acquired 34 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average cost of GBX 771 ($9.67) per share, for a total transaction of £262.14 ($328.62). In other Close Brothers Group news, insider Mike Morgan sold 5,150 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of GBX 786 ($9.85), for a total value of £40,479 ($50,744.64). Also, insider Adrian Sainsbury purchased 34 shares of the company’s stock in a transaction on Friday, November 24th. The stock was acquired at an average price of GBX 771 ($9.67) per share, for a total transaction of £262.14 ($328.62). Over the last quarter, insiders bought 102 shares of company stock valued at $71,585 and sold 31,790 shares valued at $24,996,040. Corporate insiders own 2.23% of the company’s stock.

Close Brothers Group Company Profile

(Get Free Report)

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.

Further Reading

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