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) earnings per share 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 stock opened at GBX 268.71 ($3.49) on Tuesday. Close Brothers Group has a 52-week low of GBX 179.83 ($2.34) and a 52-week high of GBX 564 ($7.33). The stock has a market cap of £404.84 million, a price-to-earnings ratio of 4.05, a P/E/G ratio of 1.87 and a beta of 0.82. The firm has a fifty day moving average of GBX 304.94 and a 200-day moving average of GBX 316.91.

Analysts Set New Price Targets

CBG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Close Brothers Group from GBX 610 ($7.92) to GBX 600 ($7.79) and set a “hold” rating for the company in a research note on Thursday, February 13th. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research note on Monday, March 3rd.

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.