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

Close Brothers Group (LON:CBG) announced its earnings results 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 return on equity of 5.78% and a net margin of 7.79%.

Close Brothers Group Stock Down 21.9 %

Shares of CBG opened at GBX 269.80 ($3.50) on Tuesday. Close Brothers Group has a 52 week low of GBX 179.83 ($2.34) and a 52 week high of GBX 564 ($7.33). The company has a market capitalization of £406.49 million, a price-to-earnings ratio of 4.07, a PEG ratio of 1.87 and a beta of 0.82. The stock’s 50-day moving average price is GBX 304.94 and its 200-day moving average price is GBX 316.91.

Analysts Set New Price Targets

Several analysts have weighed in on CBG shares. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Close Brothers Group from GBX 610 ($7.92) to GBX 600 ($7.79) and set a “hold” rating on the stock in a research note on Thursday, February 13th.

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.