Mike Morgan Sells 10,885 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan sold 10,885 shares of the business’s stock in a transaction that occurred 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 ($33,349.67).

Close Brothers Group Stock Down 0.9 %

Shares of LON CBG opened at GBX 232.60 ($2.96) on Wednesday. Close Brothers Group plc has a 52-week low of GBX 179.83 ($2.29) and a 52-week high of GBX 819 ($10.41). The business’s 50 day moving average is GBX 265.61 and its two-hundred day moving average is GBX 403.23. The firm has a market cap of £350.04 million, a price-to-earnings ratio of 387.67, a PEG ratio of 1.87 and a beta of 0.82.

Analysts Set New Price Targets

CBG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 610 ($7.75) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and upped their price objective for the company from GBX 375 ($4.77) to GBX 620 ($7.88) in a report on Thursday, August 29th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 556.60 ($7.08).

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.