Close Brothers Group (LON:CBG) Posts Earnings Results

Close Brothers Group (LON:CBG) released its quarterly earnings results 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 Performance

Shares of CBG stock opened at GBX 284.80 ($3.70) on Thursday. The company has a market cap of £429.09 million, a P/E ratio of 4.29, a PEG ratio of 1.87 and a beta of 0.82. The stock has a 50 day simple moving average of GBX 307.19 and a two-hundred day simple moving average 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).

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target 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.

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.