Panmure Gordon Reaffirms "Hold" Rating for Close Brothers Group (LON:CBG)

Key Points

• Panmure Gordon has reaffirmed a "hold" rating for Close Brothers Group (LON:CBG) with a price target of GBX 500, indicating a potential downside of 0.20% from the previous close.
• A total of two investment analysts have assigned a Buy rating while six analysts have given a Hold rating, leading to a consensus target price of GBX 465.63.
• Close Brothers Group posted a quarterly earnings per share of GBX 59.30, with a predicted annual earnings per share of approximately 66.01.

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Panmure Gordon in a research note issued on Thursday, Marketbeat.com reports. They currently have a GBX 500 price target on the stock. Panmure Gordon's target price would indicate a potential downside of 0.20% from the company's previous close.

Several other research firms have also issued reports on CBG. UBS Group reaffirmed a "neutral" rating and issued a GBX 535 target price on shares of Close Brothers Group in a report on Monday, September 15th. Royal Bank Of Canada reduced their price objective on Close Brothers Group from GBX 525 to GBX 500 and set a "sector perform" rating for the company in a report on Friday, October 3rd. Peel Hunt reissued a "hold" rating and set a GBX 327 price objective on shares of Close Brothers Group in a report on Friday, July 25th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 463 price objective on shares of Close Brothers Group in a report on Monday, August 4th. Finally, Shore Capital reissued a "hold" rating on shares of Close Brothers Group in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 465.63.

Close Brothers Group Stock Performance

CBG stock opened at GBX 501 on Thursday. The stock's 50 day simple moving average is GBX 491.44 and its 200 day simple moving average is GBX 394.38. Close Brothers Group has a fifty-two week low of GBX 179.83 and a fifty-two week high of GBX 563.50. The company has a market cap of £754.13 million, a P/E ratio of -748.88, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

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

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.

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