Michael N. Biggs Buys 5,000 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Michael N. Biggs acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of GBX 288 ($3.72) per share, with a total value of £14,400 ($18,592.64).

Close Brothers Group Stock Performance

Shares of CBG opened at GBX 283.71 ($3.66) on Friday. Close Brothers Group plc has a 52-week low of GBX 179.83 ($2.32) and a 52-week high of GBX 564 ($7.28). The business’s fifty day moving average is GBX 309.75 and its 200-day moving average is GBX 312.81. The firm has a market cap of £427.45 million, a price-to-earnings ratio of 4.27, a PEG ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, research analysts forecast that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CBG. Deutsche Bank Aktiengesellschaft decreased their price target on Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a “hold” rating for the company in a research note on Thursday, February 13th. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a report on Tuesday.

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.