Close Brothers Group plc (LON:CBG) Insider Adrian Sainsbury Purchases 27 Shares

Close Brothers Group plc (LON:CBG) insider Adrian Sainsbury purchased 27 shares of Close Brothers Group stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of GBX 552 ($7.26) per share, for a total transaction of £149.04 ($195.98).

Adrian Sainsbury also recently made the following trade(s):

• On Monday, August 5th, Adrian Sainsbury acquired 33 shares of Close Brothers Group stock. The shares were acquired at an average price of GBX 464 ($6.10) per share, for a total transaction of £153.12 ($201.34).
• On Friday, July 5th, Adrian Sainsbury bought 30 shares of Close Brothers Group stock. The stock was bought at an average price of GBX 496 ($6.52) per share, with a total value of £148.80 ($195.66).

Close Brothers Group Price Performance

Close Brothers Group stock opened at GBX 535 ($7.03) on Friday. Close Brothers Group plc has a 12-month low of GBX 278 ($3.66) and a 12-month high of GBX 911.50 ($11.99). The stock has a market capitalization of £805.12 million, a PE ratio of 564.24, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The firm has a 50 day simple moving average of GBX 495.73 and a 200-day simple moving average of GBX 453.03.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CBG. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a report on Wednesday, May 22nd. Royal Bank of Canada upgraded shares of Close Brothers Group to an “outperform” rating and upped their price target for the stock from GBX 375 ($4.93) to GBX 620 ($8.15) in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Close Brothers Group in a research report on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($8.02) price objective on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Close Brothers Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 624 ($8.21).

Close Brothers Group Company Profile

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.