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

Close Brothers Group (LON:CBG) posted its earnings results on Tuesday. The company reported GBX 30.90 ($0.40) EPS 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

Shares of CBG opened at GBX 282.95 ($3.68) on Thursday. Close Brothers Group has a fifty-two week low of GBX 179.83 ($2.34) and a fifty-two week high of GBX 564 ($7.34). The business has a 50-day moving average of GBX 307.19 and a 200 day moving average of GBX 313.28. The firm has a market cap of £426.29 million, a P/E ratio of 4.26, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

Analysts Set New Price Targets

CBG has been the topic of several research analyst reports. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating for the company in a research note on Thursday, February 13th.

About Close Brothers Group

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.