Adrian Sainsbury Purchases 30 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Adrian Sainsbury purchased 30 shares of Close Brothers Group stock in a transaction on Friday, July 5th. The shares were acquired at an average cost of GBX 496 ($6.35) per share, with a total value of £148.80 ($190.60).

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

• On Wednesday, June 5th, Adrian Sainsbury purchased 31 shares of Close Brothers Group stock. The shares were acquired at an average cost of GBX 478 ($6.12) per share, with a total value of £148.18 ($189.80).
• On Tuesday, May 7th, Adrian Sainsbury purchased 31 shares of Close Brothers Group stock. The shares were acquired at an average cost of GBX 492 ($6.30) per share, with a total value of £152.52 ($195.36).

Close Brothers Group Stock Down 1.0 %

Shares of CBG opened at GBX 477.40 ($6.12) on Wednesday. The firm’s fifty day moving average is GBX 462.76 and its two-hundred day moving average is GBX 482.52. The stock has a market cap of £718.44 million, a PE ratio of 502.53, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. Close Brothers Group plc has a 52-week low of GBX 278 ($3.56) and a 52-week high of GBX 989.50 ($12.67).

Analyst Ratings Changes

Several research firms have recently weighed in on CBG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 375 ($4.80) target price on shares of Close Brothers Group in a report on Wednesday, March 20th. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a report on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Close Brothers Group in a report on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.81) price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Close Brothers Group has an average rating of “Moderate Buy” and an average price target of GBX 583.17 ($7.47).

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.