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

Shore Capital restated their buy rating on shares of Close Brothers Group (LON:CBG) in a report issued on Tuesday morning,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on Close Brothers Group from GBX 610 ($7.93) to GBX 600 ($7.80) and set a “hold” rating for the company in a research note on Thursday, February 13th.

Close Brothers Group Stock Performance

Shares of Close Brothers Group stock opened at GBX 270.80 ($3.52) on Tuesday. Close Brothers Group has a twelve month low of GBX 179.83 ($2.34) and a twelve month high of GBX 564 ($7.33). The firm has a market cap of £407.99 million, a P/E ratio of 4.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The firm’s 50-day simple moving average is GBX 305.84 and its 200-day simple moving average is GBX 315.11.

Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. On average, equities analysts forecast that Close Brothers Group will post 66.0070671 earnings per share for the current fiscal 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.