Close Brothers Group (LON:CBG) Earns "Hold" Rating from Shore Capital

Key Points

• Close Brothers Group's stock has been restated with a "hold" rating by Shore Capital, amidst mixed ratings from other analysts, with a consensus target price of GBX 464.29.
• The shares of Close Brothers Group traded down 0.4% to GBX 491.80, with a 12-month trading range between GBX 179.83 and GBX 563.50.
• The company reported an EPS of GBX 59.30 for the last quarter and is projected to achieve an EPS of 66.01 in the current fiscal year.

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Shore Capital in a report released on Tuesday,Digital Look reports.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group restated a "buy" rating and set a GBX 463 target price on shares of Close Brothers Group in a research report on Monday, August 4th. UBS Group reaffirmed a "neutral" rating and set a GBX 535 price objective on shares of Close Brothers Group in a research report on Monday, September 15th. Peel Hunt reaffirmed a "hold" rating and issued a GBX 327 price target on shares of Close Brothers Group in a research note on Friday, July 25th. Finally, Royal Bank Of Canada downgraded shares of Close Brothers Group to a "sector perform" rating and set a GBX 525 target price on the stock. in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 464.29.

Close Brothers Group Stock Down 0.4%

LON CBG traded down GBX 2.20 on Tuesday, reaching GBX 491.80. The stock had a trading volume of 3,915,329 shares, compared to its average volume of 1,528,992. Close Brothers Group has a 12-month low of GBX 179.83 and a 12-month high of GBX 563.50. The stock has a fifty day moving average price of GBX 481.45 and a two-hundred day moving average price of GBX 386.49. The firm has a market capitalization of £740.27 million, a price-to-earnings ratio of -716.91, a P/E/G ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG - Get Free Report) last posted its earnings results on Tuesday, September 30th. The company reported GBX 59.30 EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Sell-side analysts forecast that Close Brothers Group will post 66.0070671 earnings per share for the current fiscal year.

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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