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 stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.04), for a total value of £26,232.85 ($33,122.29).

Close Brothers Group Price Performance

LON CBG traded up GBX 0.60 ($0.01) during mid-day trading on Monday, hitting GBX 234.60 ($2.96). The stock had a trading volume of 716,297 shares, compared to its average volume of 1,039,454. The firm’s 50 day moving average is GBX 268.40 and its 200 day moving average is GBX 404.82. Close Brothers Group plc has a twelve month low of GBX 179.83 ($2.27) and a twelve month high of GBX 819 ($10.34). The stock has a market capitalization of £353.05 million, a price-to-earnings ratio of 390.00, a PEG ratio of 1.87 and a beta of 0.82.

Wall Street Analysts Forecast Growth

CBG has been the topic of a number of recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 610 ($7.70) target price on shares of Close Brothers Group in a research report on Friday, November 22nd. Finally, Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and increased their target price for the company from GBX 375 ($4.73) to GBX 620 ($7.83) in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 556.60 ($7.03).

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.