Close Brothers Group (LON:CBG) Posts Quarterly Earnings Results

Key Points

• Close Brothers Group reported earnings of GBX 59.30 per share for the quarter, with a return on equity of 5.78% and a net margin of 7.79%.
• The company's stock has a market capitalization of £748.17 million and has fluctuated between a 52-week low of GBX 179.83 and a high of GBX 563.50.
• Research analysts have mixed ratings on the stock, with an average rating of "Hold" and a consensus target price of GBX 464.29.

Close Brothers Group (LON:CBG - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 59.30 earnings per share 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

CBG opened at GBX 497.05 on Tuesday. Close Brothers Group has a 52-week low of GBX 179.83 and a 52-week high of GBX 563.50. The stock has a market capitalization of £748.17 million, a PE ratio of -724.56, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock's 50 day moving average price is GBX 479.77 and its 200-day moving average price is GBX 385.73.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank Of Canada downgraded Close Brothers Group to a "sector perform" rating and set a GBX 525 target price for the company. in a research note on Monday, August 18th. UBS Group reaffirmed a "neutral" rating and issued a GBX 535 price target on shares of Close Brothers Group in a 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 report on Friday, July 25th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 463 price target on shares of Close Brothers Group in a report on Monday, August 4th. Finally, Shore Capital reissued a "hold" rating and set a GBX 370 price objective on shares of Close Brothers Group in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of GBX 464.29.

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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