Close Brothers Group (CBG) to Release Earnings on Thursday

Close Brothers Group (LON:CBG) will be releasing its Interim earnings data after the market closes on Thursday, July 25th.

Close Brothers Group Stock Performance

Shares of LON CBG traded down GBX 12 ($0.16) during mid-day trading on Wednesday, hitting GBX 504.50 ($6.52). The stock had a trading volume of 232,481 shares, compared to its average volume of 833,693. Close Brothers Group has a 1 year low of GBX 278 ($3.60) and a 1 year high of GBX 953 ($12.33). The business has a 50 day moving average price of GBX 468.21 and a two-hundred day moving average price of GBX 462.74. The firm has a market cap of £759.22 million, a P/E ratio of 531.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80.

Wall Street Analyst Weigh In

Several brokerages recently commented on CBG. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Close Brothers Group in a research report on Friday, July 5th. They set a “buy” rating and a GBX 610 ($7.89) price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 583.17 ($7.54).

Insider Activity

In related news, insider Mike Morgan sold 7,985 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.55), for a total value of £34,255.65 ($44,303.74). In the last 90 days, insiders have acquired 92 shares of company stock worth $44,950. Corporate insiders own 2.11% of the company’s stock.

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.