LON:CBG

Close Brothers Group (CBG) Share Price, News & Analysis

GBX 464.20
+7.20 (+1.58%)
(As of 04/23/2024 ET)
Today's Range
452
469.25
50-Day Range
299.20
483.40
52-Week Range
278
998.50
Volume
168,595 shs
Average Volume
1.15 million shs
Market Capitalization
£698.57 million
P/E Ratio
488.63
Dividend Yield
14.65%
Price Target
GBX 577.80

Close Brothers Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
24.5% Upside
GBX 577.80 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.52mentions of Close Brothers Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
£3.49 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.27 out of 5 stars

CBG stock logo

About Close Brothers Group Stock (LON:CBG)

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. In addition, it provides asset management services, such as investment management solutions; financial planning, custody, and tax services. Further, the company offers investment advisory and broking and trading related services, as well as provides funding services for general aviation aircraft, and various leisure and commercial marine vessels; and brewery rentals. Additionally, it provides leasing services for commercial vehicles, machine tools, contractor plant, printing equipment, car fleets, aircraft and marine vessels, and energy project. Furthermore, the company offers financing services to the professional service sector, including dental, accounting, opticians, legal, funeral, veterinary, medical, and pharmaceutical sectors. It provides self-directed services that help investors to manage their portfolio online; and services for financial advisers; and liquidity and flexible execution services to retail stockbrokers, wealth managers, and institutional investors. The company offers market making, sales, research, and corporate broking services; and dealing, custody, and settlement services to the institutional, wealth management, and brokerage clients. Close Brothers Group plc was founded in 1878 and is headquartered in London, the United Kingdom.

CBG Stock Price History

CBG Stock News Headlines

Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Close Brothers Expects Profit Hit From FCA Review
Close Brothers Group plc (CBRO)
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Close Brothers Group plc (CBGl)
Close Brothers FY23 Profit Before Tax Falls; Lifts Dividend
See More Headlines
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Company Calendar

Last Earnings
3/13/2018
Today
4/23/2024

Industry, Sector and Symbol

Industry
Banks - Regional
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
4,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 577.80
High Stock Price Target
GBX 961
Low Stock Price Target
GBX 375
Potential Upside/Downside
+24.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
£141.50 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£925 million
Cash Flow
GBX 509.55 per share
Book Value
GBX 1,224 per share

Miscellaneous

Free Float
N/A
Market Cap
£698.57 million
Optionable
Not Optionable
Beta
0.81
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Key Executives

  • Mr. Adrian John Sainsbury (Age 56)
    CEO & Executive Director
    Comp: $1.05M
  • Mr. Michael Bartlett Morgan (Age 59)
    CFO, Group Finance Director & Executive Director
    Comp: $624k
  • Mr. Simon Jacobs
    Group Chief Operating Officer
  • Camila Sugimura
    Deputy Head of Investor Relations
  • Ms. Angela Yotov
    Group General Counsel
  • Ms. Sophie A. Ameln Gillingham
    Director of Investor Relations & Corporate Development
  • Ms. Rebekah Etherington
    Group Head of Human Resources
  • Mr. Nigel Anthony Mottershead (Age 66)
    Head of Credit
  • Mr. Robert Sack
    Group Chief Risk Officer
  • Mr. Christophe Brière
    Managing Director

CBG Stock Analysis - Frequently Asked Questions

Should I buy or sell Close Brothers Group stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Close Brothers Group in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CBG shares.
View CBG analyst ratings
or view top-rated stocks.

What is Close Brothers Group's stock price target for 2024?

5 Wall Street analysts have issued 1 year price objectives for Close Brothers Group's stock. Their CBG share price targets range from GBX 375 to GBX 961. On average, they anticipate the company's share price to reach GBX 577.80 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price.
View analysts price targets for CBG
or view top-rated stocks among Wall Street analysts.

How have CBG shares performed in 2024?

Close Brothers Group's stock was trading at GBX 794 at the beginning of 2024. Since then, CBG stock has decreased by 41.5% and is now trading at GBX 464.20.
View the best growth stocks for 2024 here
.

How were Close Brothers Group's earnings last quarter?

Close Brothers Group plc (LON:CBG) issued its quarterly earnings results on Tuesday, March, 13th. The company reported $71.20 earnings per share for the quarter, beating analysts' consensus estimates of $68.50 by $2.70. The firm had revenue of $405.50 million for the quarter. Close Brothers Group had a trailing twelve-month return on equity of 8.23% and a net margin of 15.30%.

How often does Close Brothers Group pay dividends? What is the dividend yield for Close Brothers Group?

Close Brothers Group declared a dividend on Tuesday, September 26th. Shareholders of record on Thursday, October 19th will be given a dividend of GBX 45 per share on Friday, November 24th. This represents a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, October 19th. This is an increase from the stock's previous dividend of GBX 22.50. The official announcement can be seen at this link.
Read our dividend analysis for CBG
.

Is Close Brothers Group a good dividend stock?

Close Brothers Group (LON:CBG) pays an annual dividend of GBX 68 per share and currently has a dividend yield of 16.96%. CBG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 7,157.89%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CBG.

What other stocks do shareholders of Close Brothers Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Close Brothers Group investors own include The Sage Group (SGE), Hologic (HOLX), BHP Group (BHP), Herc (HRI), EZCORP (EZPW), (MBBYF) (MBBYF), Town Sports International (CLUB), Ascena Retail Group (ASNA), Aviva (AV) and AstraZeneca (AZN).

How do I buy shares of Close Brothers Group?

Shares of CBG stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:CBG) was last updated on 4/24/2024 by MarketBeat.com Staff

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