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

Close Brothers Group (LON:CBG) released its quarterly earnings data on Tuesday. The company reported GBX 30.90 ($0.40) EPS for the quarter, Digital Look Earnings reports. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%.

Close Brothers Group Stock Down 0.1 %

Shares of LON:CBG opened at GBX 284.80 ($3.70) on Thursday. The stock has a market cap of £429.09 million, a price-to-earnings ratio of 4.29, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12-month low of GBX 179.83 ($2.34) and a 12-month high of GBX 564 ($7.34). The business’s 50 day moving average is GBX 307.19 and its 200 day moving average is GBX 313.28.

Analyst Ratings Changes

Several research firms have recently commented on CBG. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating on the stock in a research report on Thursday, February 13th.

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.