Close Brothers Group (LON:CBG) Given “Buy” Rating at Shore Capital

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a research report issued on Tuesday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on Close Brothers Group from GBX 610 ($7.93) to GBX 600 ($7.80) and set a “hold” rating for the company in a research note on Thursday, February 13th.

Close Brothers Group Price Performance

LON CBG traded down GBX 74.60 ($0.97) during trading hours on Tuesday, reaching GBX 270.80 ($3.52). The company’s stock had a trading volume of 125,087,578 shares, compared to its average volume of 4,656,207. The firm has a market capitalization of £407.99 million, a price-to-earnings ratio of 4.08, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 1-year low of GBX 179.83 ($2.34) and a 1-year high of GBX 564 ($7.33). The company’s 50-day moving average is GBX 305.84 and its two-hundred day moving average is GBX 315.11.

Close Brothers Group (LON:CBG) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Equities analysts forecast that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

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.