Close Brothers Group (LON:CBG) Announces Quarterly Earnings Results

Close Brothers Group (LON:CBG) issued its quarterly earnings results on Thursday. The company reported GBX 30.90 earnings per share for the quarter, Digital Look Earnings reports. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%.

Close Brothers Group Stock Performance

CBG opened at GBX 455.22 on Friday. The company has a fifty day moving average of GBX 447.87 and a two-hundred day moving average of GBX 427.68. The stock has a market capitalization of £685.22 million, a price-to-earnings ratio of -6.80, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a fifty-two week low of GBX 206.57 and a fifty-two week high of GBX 563.50.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 price objective on shares of Close Brothers Group in a report on Tuesday. UBS Group restated a “neutral” rating and set a GBX 535 target price on shares of Close Brothers Group in a research report on Monday, September 15th. Royal Bank Of Canada lowered their price target on shares of Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating on the stock in a report on Friday, October 3rd. Keefe, Bruyette & Woods cut their price target on Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Finally, Shore Capital reiterated a “hold” rating and set a GBX 510 price objective on shares of Close Brothers Group in a research note on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 490.63.

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.