Close Brothers Group plc (LON:CBG) Insider Mark Pain Buys 4,000 Shares of Stock

Close Brothers Group plc (LON:CBG) insider Mark Pain bought 4,000 shares of Close Brothers Group stock in a transaction dated Friday, April 19th. The shares were bought at an average cost of GBX 444 ($5.48) per share, with a total value of £17,760 ($21,936.76).

Close Brothers Group Price Performance

LON:CBG opened at GBX 457 ($5.64) on Tuesday. Close Brothers Group plc has a 1 year low of GBX 278 ($3.43) and a 1 year high of GBX 998.50 ($12.33). The stock’s fifty day moving average price is GBX 390.90 and its two-hundred day moving average price is GBX 611.97. The company has a market cap of £687.74 million, a P/E ratio of 481.05, a P/E/G ratio of 1.87 and a beta of 0.81.

Analyst Upgrades and Downgrades

CBG has been the topic of several research analyst reports. Shore Capital upgraded Close Brothers Group to a “buy” rating and set a GBX 665 ($8.21) price objective on the stock in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed 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. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 463 ($5.72) price objective on shares of Close Brothers Group in a report on Wednesday, February 21st. Finally, Berenberg Bank dropped 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 577.80 ($7.14).

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.