Close Brothers Group (LON:CBG) Releases Earnings Results

by · The Cerbat Gem

Close Brothers Group (LON:CBG – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX 30.90 ($0.40) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%.

Close Brothers Group Stock Down 3.1 %

CBG stock traded down GBX 8.93 ($0.12) during mid-day trading on Thursday, hitting GBX 276.07 ($3.59). The company had a trading volume of 1,985,924 shares, compared to its average volume of 2,494,539. The company has a market capitalization of £415.94 million, a price-to-earnings ratio of 4.16, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12-month low of GBX 179.83 ($2.34) and a 12-month high of GBX 564 ($7.34). The company has a 50-day moving average price of GBX 307.19 and a 200 day moving average price of GBX 313.28.

Wall Street Analyst Weigh In

CBG has been the subject of a number of recent research reports. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating on the stock in a research note on Thursday, February 13th.

Get Our Latest Analysis on CBG

Insiders Place Their Bets

In related news, insider Michael N. Biggs purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of GBX 288 ($3.75) per share, for a total transaction of £14,400 ($18,732.93). Corporate insiders own 2.91% of the company’s stock.

About Close Brothers Group

(Get Free Report)

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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