Close Brothers Group (LON:CBG) Receives “Buy” Rating from Shore Capital

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports.

Separately, 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.

Close Brothers Group Stock Up 5.2 %

Shares of CBG stock opened at GBX 285 ($3.71) on Tuesday. The firm has a market capitalization of £429.39 million, a price-to-earnings ratio of 4.29, a price-to-earnings-growth 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 firm has a fifty day moving average of GBX 307.19 and a 200-day moving average of GBX 313.28.

Close Brothers Group (LON:CBG) last announced its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. Research analysts expect that Close Brothers Group will post 66.0070671 earnings per share for the current year.

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.