Michael N. Biggs Buys 5,000 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Michael N. Biggs purchased 5,000 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of GBX 288 ($3.75) per share, with a total value of £14,400 ($18,732.93).

Close Brothers Group Stock Performance

LON CBG traded down GBX 12 ($0.16) during trading hours on Thursday, hitting GBX 273 ($3.55). 1,838,381 shares of the company traded hands, compared to its average volume of 2,491,904. The business’s 50-day moving average is GBX 307.19 and its 200-day moving average is GBX 313.28. The stock has a market capitalization of £411.31 million, a price-to-earnings ratio of 4.11, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group plc has a twelve month low of GBX 179.83 ($2.34) and a twelve month high of GBX 564 ($7.34).

Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Analysts predict that Close Brothers Group plc will post 66.0070671 EPS for the current year.

Analyst Upgrades and Downgrades

CBG has been the subject of several recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating on the stock in a report on Thursday, February 13th.

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.