Close Brothers Group (LON:CBG – Get Free Report) announced its 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 net margin of 7.79% and a return on equity of 5.78%.
Close Brothers Group Price Performance
CBG stock traded down GBX 8.93 ($0.12) during mid-day trading on Thursday, reaching GBX 276.07 ($3.59). The company had a trading volume of 1,985,924 shares, compared to its average volume of 2,494,539. The company has a market capitalization of £415.94 million, a PE ratio of 4.16, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The firm has a 50 day moving average of GBX 307.19 and a 200 day moving average of GBX 313.28. Close Brothers Group has a 12 month low of GBX 179.83 ($2.34) and a 12 month high of GBX 564 ($7.34).
Analyst Upgrades and Downgrades
Several equities analysts recently commented on CBG shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating on the stock in a report on Thursday, February 13th. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a report on Tuesday.
Insiders Place Their Bets
In other news, insider Michael N. Biggs bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of GBX 288 ($3.75) per share, with a total value of £14,400 ($18,732.93). Insiders own 2.91% of the company’s stock.
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.
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