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

Close Brothers Group plc (LON:CBGGet Free Report) insider Adrian Sainsbury bought 31 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of GBX 478 ($6.12) per share, with a total value of £148.18 ($189.85).

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

  • On Tuesday, May 7th, Adrian Sainsbury bought 31 shares of Close Brothers Group stock. The shares were purchased at an average cost of GBX 492 ($6.30) per share, with a total value of £152.52 ($195.41).
  • On Friday, April 5th, Adrian Sainsbury bought 35 shares of Close Brothers Group stock. The shares were purchased at an average cost of GBX 420 ($5.38) per share, with a total value of £147 ($188.34).

Close Brothers Group Price Performance

LON:CBG opened at GBX 459.60 ($5.89) on Friday. The firm has a 50-day moving average of GBX 465.07 and a 200-day moving average of GBX 540.58. The company has a market cap of £691.65 million, a PE ratio of 483.79, a PEG ratio of 1.87 and a beta of 0.80. Close Brothers Group plc has a one year low of GBX 278 ($3.56) and a one year high of GBX 998.50 ($12.79).

Analyst Ratings Changes

Several research firms have weighed in on CBG. Berenberg Bank decreased their price target on shares of Close Brothers Group from GBX 1,100 ($14.09) to GBX 425 ($5.45) and set a “buy” rating for the company in a research note on Thursday, February 15th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 375 ($4.80) price target on shares of Close Brothers Group in a research note on Wednesday, March 20th. Finally, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 463 ($5.93) price target on shares of Close Brothers Group in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 577.80 ($7.40).

View Our Latest Research Report on CBG

About Close Brothers Group

(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.

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