Close Brothers Group (LON:CBG) Releases Earnings Results

Close Brothers Group (LON:CBG) issued 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 0.7 %

Shares of Close Brothers Group stock opened at GBX 282.95 ($3.68) on Thursday. The firm has a market cap of £426.29 million, a P/E ratio of 4.26, a P/E/G ratio of 1.87 and a beta of 0.82. The business has a 50-day moving average price of GBX 307.19 and a 200 day moving average price of GBX 313.28. 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).

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective 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 note on Thursday, February 13th. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research note on Tuesday.

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.