Mark Pain Purchases 4,000 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Mark Pain bought 4,000 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were acquired at an average price of GBX 444 ($5.48) per share, for a total transaction of £17,760 ($21,936.76).

Close Brothers Group Stock Down 1.2 %

Shares of CBG opened at GBX 458.80 ($5.67) on Thursday. The stock’s fifty day simple moving average is GBX 393.35 and its 200-day simple moving average is GBX 608.05. The firm has a market capitalization of £690.45 million, a PE ratio of 482.95, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. Close Brothers Group plc has a 12-month low of GBX 278 ($3.43) and a 12-month high of GBX 998.50 ($12.33).

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CBG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 375 ($4.63) target price on shares of Close Brothers Group in a report on Wednesday, March 20th. Berenberg Bank dropped their price objective on shares of Close Brothers Group from GBX 1,100 ($13.59) to GBX 425 ($5.25) and set a “buy” rating for the company in a report on Thursday, February 15th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 463 ($5.72) target price on shares of Close Brothers Group in a report on Wednesday, February 21st. Finally, Shore Capital upgraded Close Brothers Group to a “buy” rating and set a GBX 665 ($8.21) target price on the stock in a 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 577.80 ($7.14).

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.