Close Brothers Group plc (LON:CBG – Get Free Report) insider Mike Morgan sold 10,885 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.06), for a total value of £26,232.85 ($33,281.97).
Close Brothers Group Trading Up 0.3 %
CBG stock opened at GBX 234.60 ($2.98) on Tuesday. The firm has a 50-day moving average price of GBX 268.40 and a 200-day moving average price of GBX 404.82. Close Brothers Group plc has a 12 month low of GBX 179.83 ($2.28) and a 12 month high of GBX 819 ($10.39). The stock has a market capitalization of £353.05 million, a P/E ratio of 391.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on CBG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 610 ($7.74) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Royal Bank of Canada upgraded shares of Close Brothers Group to an “outperform” rating and increased their price target for the stock from GBX 375 ($4.76) to GBX 620 ($7.87) in a research report on Thursday, August 29th. Finally, Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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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