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.
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