Close Brothers Group (LON:CBG) Insider Kari Hale Buys 5,017 Shares

Close Brothers Group plc (LON:CBG) insider Kari Hale acquired 5,017 shares of the stock in a transaction dated Monday, April 13th. The stock was bought at an average cost of GBX 406 per share, with a total value of £20,369.02.

Close Brothers Group Stock Up 4.6%

Shares of Close Brothers Group stock opened at GBX 435.20 on Wednesday. The company has a market cap of £655.18 million, a PE ratio of -12.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The business has a 50 day moving average price of GBX 437.67 and a 200-day moving average price of GBX 459.53. Close Brothers Group plc has a 52 week low of GBX 290.40 and a 52 week high of GBX 563.50.

Close Brothers Group (LON:CBG) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 27.10 EPS for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. As a group, research analysts anticipate that Close Brothers Group plc will post 66.0070671 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CBG. Shore Capital Group downgraded Close Brothers Group to a “hold” rating and set a GBX 475 price target for the company. in a research report on Wednesday, April 8th. Royal Bank Of Canada raised Close Brothers Group to an “outperform” rating and increased their price target for the company from GBX 475 to GBX 625 in a research report on Friday, January 16th. UBS Group raised Close Brothers Group to a “buy” rating and set a GBX 555 price target for the company in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Close Brothers Group from GBX 550 to GBX 570 and gave the company a “buy” rating in a research report on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Close Brothers Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 500.63.

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.