Close Brothers Group plc (LON:CBG – Get Free Report) insider Mike Morgan sold 10,885 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.06), for a total value of £26,232.85 ($33,281.97).
Close Brothers Group Stock Performance
Close Brothers Group stock opened at GBX 234.60 ($2.98) on Tuesday. The firm has a market cap of £353.05 million, a price-to-earnings ratio of 391.00, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group plc has a 52-week low of GBX 179.83 ($2.28) and a 52-week high of GBX 819 ($10.39). The firm has a 50 day moving average price of GBX 268.40 and a two-hundred day moving average price of GBX 404.82.
Wall Street Analyst Weigh In
Several research firms recently commented on CBG. Royal Bank of Canada upgraded shares of Close Brothers Group to an “outperform” rating and lifted their target price for the stock from GBX 375 ($4.76) to GBX 620 ($7.87) in a research report on Thursday, August 29th. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 610 ($7.74) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 556.60 ($7.06).
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.
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