Shore Capital Reiterates “Buy” Rating for Close Brothers Group (LON:CBG)

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

Separately, Deutsche Bank Aktiengesellschaft dropped 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 report on Thursday, February 13th.

Close Brothers Group Price Performance

Shares of Close Brothers Group stock opened at GBX 285 ($3.71) on Tuesday. The firm has a market cap of £429.39 million, a P/E ratio of 4.29, a P/E/G ratio of 1.87 and a beta of 0.82. The firm has a 50 day simple moving average of GBX 307.19 and a 200 day simple moving average of GBX 313.28. Close Brothers Group has a fifty-two week low of GBX 179.83 ($2.34) and a fifty-two week high of GBX 564 ($7.34).

Close Brothers Group (LON:CBG) last issued its quarterly 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%. On average, sell-side analysts expect that Close Brothers Group will post 66.0070671 EPS 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.