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

Close Brothers Group plc (LON:CBG - Get Free Report) insider Michael N. Biggs acquired 5,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.72) per share, with a total value of £14,400 ($18,607.06).

Close Brothers Group Stock Performance

LON CBG traded up GBX 0.49 ($0.01) on Monday, reaching GBX 283.60 ($3.66). 1,410,838 shares of the stock traded hands, compared to its average volume of 2,531,616. Close Brothers Group plc has a 12 month low of GBX 179.83 ($2.32) and a 12 month high of GBX 564 ($7.29). The company has a market cap of £427.28 million, a price-to-earnings ratio of 4.27, a PEG ratio of 1.87 and a beta of 0.82. The company has a fifty day moving average price of GBX 311.24 and a 200-day moving average price of GBX 307.66.

Close Brothers Group (LON:CBG - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. As a group, research analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on CBG shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating on the stock in a report on Thursday, February 13th. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Tuesday, March 18th.

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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.