Patricia Halliday Purchases 500 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Patricia Halliday purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average price of GBX 453 ($5.60) per share, for a total transaction of £2,265 ($2,797.68).

Close Brothers Group Stock Up 1.6 %

CBG opened at GBX 466.20 ($5.76) on Friday. The company has a market cap of £701.58 million, a price-to-earnings ratio of 490.74, a PEG ratio of 1.87 and a beta of 0.81. Close Brothers Group plc has a 52-week low of GBX 278 ($3.43) and a 52-week high of GBX 998.50 ($12.33). The firm’s fifty day simple moving average is GBX 396.51 and its two-hundred day simple moving average is GBX 607.07.

Analyst Upgrades and Downgrades

Several analysts recently commented on CBG shares. Royal Bank of Canada restated a “sector perform” rating and set a GBX 375 ($4.63) price target on shares of Close Brothers Group in a research report on Wednesday, March 20th. Berenberg Bank decreased their price objective on shares of Close Brothers Group from GBX 1,100 ($13.59) to GBX 425 ($5.25) and set a “buy” rating on the stock in a report on Thursday, February 15th. Shore Capital raised shares of Close Brothers Group to a “buy” rating and set a GBX 665 ($8.21) price objective on the stock in a report on Thursday, March 21st. Finally, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 463 ($5.72) price objective on shares of Close Brothers Group in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 577.80 ($7.14).

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.