Close Brothers Group (LON:CBG) Announces Earnings Results

Close Brothers Group (LON:CBG) announced its quarterly earnings results on Tuesday. The company reported GBX 30.90 ($0.40) earnings per share (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 Price Performance

CBG opened at GBX 282.95 ($3.68) on Thursday. The stock has a market capitalization 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. 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 has a 50 day simple moving average of GBX 307.19 and a 200-day simple moving average of GBX 313.28.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Shore Capital reaffirmed 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.