Insider Selling: Close Brothers Group plc (CBG) Insider Sells 17,513 Shares of Stock

Close Brothers Group plc (LON:CBG) insider Jonathan Howell sold 17,513 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of GBX 1,550 ($20.80), for a total transaction of £271,451.50 ($364,217.76).

Shares of LON CBG opened at GBX 1,518 ($20.37) on Friday. Close Brothers Group plc has a 52-week low of GBX 1,315 ($17.64) and a 52-week high of GBX 1,715 ($23.01).

Close Brothers Group (LON:CBG) last issued its quarterly earnings results on Tuesday, March 13th. The company reported GBX 71.20 ($0.96) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 68.50 ($0.92) by GBX 2.70 ($0.04). The firm had revenue of £405.50 million for the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.

A number of equities research analysts have weighed in on CBG shares. Barclays reduced their target price on shares of Close Brothers Group from GBX 1,570 ($21.07) to GBX 1,545 ($20.73) and set an “equal weight” rating on the stock in a report on Thursday, March 15th. Canaccord Genuity dropped their price target on shares of Close Brothers Group from GBX 1,750 ($23.48) to GBX 1,700 ($22.81) and set a “buy” rating on the stock in a research report on Monday, April 16th. Peel Hunt upgraded shares of Close Brothers Group to an “add” rating and set a GBX 1,600 ($21.47) price target on the stock in a research report on Thursday, April 26th. Berenberg Bank downgraded shares of Close Brothers Group to a “hold” rating and boosted their price target for the stock from GBX 1,515 ($20.33) to GBX 1,530 ($20.53) in a research report on Monday, March 19th. Finally, Numis Securities restated a “hold” rating and issued a GBX 1,575 ($21.13) price target on shares of Close Brothers Group in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 1,549.50 ($20.79).

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals firms in the United Kingdom. It operates through five segments: Commercial Finance, Retail Finance, Property Finance, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

Insider Buying and Selling by Quarter for Close Brothers Group (LON:CBG)

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