Shore Capital Reaffirms Hold Rating for Close Brothers Group (LON:CBG)

Key Points

• Shore Capital has reaffirmed a "hold" rating for Close Brothers Group (LON:CBG), with a price target of GBX 510, suggesting a potential upside of 16.39% from the stock's previous close.
• Close Brothers Group's stock experienced a recent decline, trading down to GBX 438.20, with a market capitalization of £659.60 million and a range of price targets from various analysts.
• The company reported an EPS of GBX 59.30 for the last quarter, and analysts anticipate an annual EPS of 66.01 for the current fiscal year.

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Shore Capital in a research note issued on Friday,Digital Look reports. They currently have a GBX 510 price objective on the stock. Shore Capital's price target would indicate a potential upside of 16.39% from the stock's previous close.

CBG has been the topic of several other reports. UBS Group reaffirmed a "neutral" rating and issued a GBX 535 price objective on shares of Close Brothers Group in a research note on Monday, September 15th. Royal Bank Of Canada decreased their price objective on shares of Close Brothers Group from GBX 525 to GBX 500 and set a "sector perform" rating for the company in a research note on Friday, October 3rd. Keefe, Bruyette & Woods cut their target price on shares of Close Brothers Group from GBX 640 to GBX 580 and set an "outperform" rating on the stock in a research note on Friday. Panmure Gordon reaffirmed a "hold" rating and set a GBX 500 price target on shares of Close Brothers Group in a research report on Thursday. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 463 price objective on shares of Close Brothers Group in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of GBX 501.88.

Close Brothers Group Stock Performance

Close Brothers Group stock traded down GBX 18.80 during trading on Friday, hitting GBX 438.20. The company's stock had a trading volume of 1,231,178 shares, compared to its average volume of 1,500,655. The stock's fifty day moving average is GBX 492.51 and its 200 day moving average is GBX 395.57. Close Brothers Group has a 1-year low of GBX 179.83 and a 1-year high of GBX 563.50. The stock has a market capitalization of £659.60 million, a price-to-earnings ratio of -655.01, 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 quarterly 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%. On average, research analysts anticipate that Close Brothers Group will post 66.0070671 EPS for the current fiscal 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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