Close Brothers Group (LON:CBG) Announces Earnings Results

Close Brothers Group (LON:CBG) posted its 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 %

LON:CBG traded down GBX 12 ($0.16) during midday trading on Thursday, hitting GBX 273 ($3.55). 1,838,381 shares of the stock were exchanged, compared to its average volume of 2,491,904. The business has a 50-day moving average price of GBX 307.19 and a two-hundred day moving average price of GBX 313.28. The company has a market capitalization of £411.31 million, a price-to-earnings ratio of 4.11, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group has a one year low of GBX 179.83 ($2.34) and a one year high of GBX 564 ($7.34).

Insider Activity

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CBG. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating on the stock in a research note on Thursday, February 13th.

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.