Close Brothers Group plc (CBG) Insider Acquires £140.10 in Stock
Close Brothers Group plc (LON:CBG) insider Preben Prebensen acquired 10 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of GBX 1,401 ($18.68) per share, with a total value of £140.10 ($186.78).
Shares of Close Brothers Group plc (LON CBG) traded down GBX 33 ($0.44) during mid-day trading on Monday, hitting GBX 1,326 ($17.68). The company had a trading volume of 446,266 shares, compared to its average volume of 445,731. Close Brothers Group plc has a 52-week low of GBX 1,315 ($17.53) and a 52-week high of GBX 1,715 ($22.86).
Close Brothers Group (LON:CBG) last issued its quarterly earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.76) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 130.10 ($1.73) by GBX 1.60 ($0.02). Close Brothers Group had a return on equity of 15.84% and a net margin of 22.76%. The firm had revenue of £765.60 million during the quarter.
The company also recently disclosed a dividend, which was paid on Tuesday, November 21st. Shareholders of record on Thursday, October 12th were issued a dividend of GBX 40 ($0.53) per share. This is an increase from Close Brothers Group’s previous dividend of $20.00. This represents a yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 12th.
Several research firms have recently issued reports on CBG. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,464 ($19.52) price objective on shares of Close Brothers Group in a research note on Thursday. Peel Hunt raised Close Brothers Group to a “buy” rating and set a GBX 1,600 ($21.33) price objective for the company in a research note on Thursday, November 16th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,575 ($21.00) price objective on shares of Close Brothers Group in a research note on Tuesday, September 26th. Barclays PLC lowered their price objective on Close Brothers Group from GBX 1,550 ($20.66) to GBX 1,450 ($19.33) and set an “equal weight” rating for the company in a research note on Wednesday, September 27th. Finally, Shore Capital reissued a “hold” rating on shares of Close Brothers Group in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Close Brothers Group currently has an average rating of “Hold” and a consensus target price of GBX 1,518.89 ($20.25).
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Close Brothers Group Company Profile
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance.
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