Close Brothers Group plc (LON:CBG) Insider Adrian Sainsbury Acquires 31 Shares

Close Brothers Group plc (LON:CBG) insider Adrian Sainsbury purchased 31 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of GBX 492 ($6.18) per share, with a total value of £152.52 ($191.61).

Adrian Sainsbury also recently made the following trade(s):

• On Friday, April 5th, Adrian Sainsbury purchased 35 shares of Close Brothers Group stock. The stock was acquired at an average price of GBX 420 ($5.28) per share, with a total value of £147 ($184.67).
• On Tuesday, March 5th, Adrian Sainsbury acquired 40 shares of Close Brothers Group stock. The shares were purchased at an average cost of GBX 378 ($4.75) per share, with a total value of £151.20 ($189.95).

Close Brothers Group Price Performance

Shares of CBG opened at GBX 494.80 ($6.22) on Thursday. Close Brothers Group plc has a 1-year low of GBX 278 ($3.49) and a 1-year high of GBX 998.50 ($12.54). The stock has a market cap of £744.62 million, a PE ratio of 520.84, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The firm has a fifty day moving average price of GBX 421.58 and a 200 day moving average price of GBX 582.70.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 463 ($5.82) price objective on shares of Close Brothers Group in a research report on Wednesday, February 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 375 ($4.71) price objective 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 ($13.82) to GBX 425 ($5.34) and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, Shore Capital raised shares of Close Brothers Group to a “buy” rating and set a GBX 665 ($8.35) price objective for the company in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 577.80 ($7.26).

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.