Close Brothers Group plc (LON:CBG) Insider Mike Morgan Sells 7,985 Shares

Posted by Defense World Staff on Jul 4th, 2024

Close Brothers Group plc (LON:CBG – Get Free Report) insider Mike Morgan sold 7,985 shares of Close Brothers Group stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.43), for a total transaction of £34,255.65 ($43,328.67).

Close Brothers Group Trading Up 10.8 %

Shares of CBG stock opened at GBX 461 ($5.83) on Thursday. Close Brothers Group plc has a 1 year low of GBX 278 ($3.52) and a 1 year high of GBX 989.50 ($12.52). The firm’s fifty day simple moving average is GBX 462.28 and its 200 day simple moving average is GBX 493.61. The firm has a market capitalization of £693.76 million, a P/E ratio of 485.26, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 375 ($4.74) price target on shares of Close Brothers Group in a research report on Wednesday, March 20th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Close Brothers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 577.80 ($7.31).

Check Out Our Latest Report on Close Brothers Group

Close Brothers Group Company Profile

(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.