Close Brothers Group plc (LON:CBG) Insider Adrian Sainsbury Acquires 15 Shares

Posted by Defense World Staff on Jun 8th, 2023

Close Brothers Group plc (LON:CBG – Get Rating) insider Adrian Sainsbury acquired 15 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average cost of GBX 987 ($12.27) per share, with a total value of £148.05 ($184.05).

Adrian Sainsbury also recently made the following trade(s):

On Friday, May 5th, Adrian Sainsbury acquired 17 shares of Close Brothers Group stock. The shares were bought at an average cost of GBX 913 ($11.35) per share, with a total value of £155.21 ($192.95).
On Wednesday, April 26th, Adrian Sainsbury acquired 12 shares of Close Brothers Group stock. The shares were bought at an average cost of GBX 880 ($10.94) per share, with a total value of £105.60 ($131.28).
On Wednesday, April 5th, Adrian Sainsbury acquired 17 shares of Close Brothers Group stock. The shares were bought at an average cost of GBX 868 ($10.79) per share, with a total value of £147.56 ($183.44).

Close Brothers Group Trading Down 1.2 %

Shares of LON CBG opened at GBX 963.50 ($11.98) on Thursday. The stock’s fifty day simple moving average is GBX 909.45 and its 200 day simple moving average is GBX 980.97. The firm has a market capitalization of £1.45 billion, a P/E ratio of 1,784.26, a PEG ratio of 1.87 and a beta of 0.90.

Close Brothers Group Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 26th. Stockholders of record on Thursday, March 23rd were given a GBX 22.50 ($0.28) dividend. This represents a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, March 23rd. Close Brothers Group’s payout ratio is 12,407.41%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CBG. Peel Hunt reiterated a “hold” rating and set a GBX 1,031 ($12.82) target price on shares of Close Brothers Group in a report on Tuesday, March 14th. Royal Bank of Canada cut their price target on Close Brothers Group from GBX 1,250 ($15.54) to GBX 1,200 ($14.92) and set an “outperform” rating on the stock in a report on Wednesday, March 15th. Berenberg Bank restated a “buy” rating and issued a GBX 1,150 ($14.30) price target on shares of Close Brothers Group in a report on Wednesday, May 24th. Finally, Shore Capital restated a “buy” rating on shares of Close Brothers Group in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 1,082.75 ($13.46).

About Close Brothers Group

(Get Rating)

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 various savings products, including personal and business savings, and pension deposits.