Close Brothers Group (LON:CBG) Releases Earnings Results

Close Brothers Group (LON:CBG) posted its quarterly earnings results on Tuesday. The company reported GBX 30.90 ($0.40) 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 Trading Down 4.2 %

Close Brothers Group stock traded down GBX 12 ($0.16) during trading hours on Thursday, reaching GBX 273 ($3.55). 1,838,381 shares of the company were exchanged, compared to its average volume of 2,491,904. 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 firm has a market cap of £411.31 million, a price-to-earnings ratio of 4.11, a PEG ratio of 1.87 and a beta of 0.82. The stock has a 50-day moving average of GBX 307.19 and a 200 day moving average of GBX 313.28.

Insider Transactions at Close Brothers Group

In other Close Brothers Group news, insider Michael N. Biggs acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of GBX 288 ($3.75) per share, for a total transaction of £14,400 ($18,732.93). 2.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CBG. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating for the company in a research note on Thursday, February 13th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Tuesday.

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.