Close Brothers Group (LON:CBG) Issues Earnings Results

Close Brothers Group (LON:CBG) announced its earnings results on Tuesday. The company reported GBX 30.90 ($0.40) earnings per share 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 Stock Performance

Shares of CBG traded down GBX 11.80 ($0.15) during mid-day trading on Thursday, hitting GBX 273.20 ($3.55). 1,841,134 shares of the company traded hands, compared to its average volume of 2,491,953. The stock has a 50-day moving average price of GBX 307.19 and a two-hundred day moving average price of GBX 313.28. Close Brothers Group has a 1 year low of GBX 179.83 ($2.34) and a 1 year high of GBX 564 ($7.34). The stock has a market cap of £411.61 million, a price-to-earnings ratio of 4.12, a P/E/G ratio of 1.87 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CBG shares. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased 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 report on Thursday, February 13th.

Insider Activity

In other Close Brothers Group news, insider Michael N. Biggs bought 5,000 shares of Close Brothers Group stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost 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 corporate insiders.

About Close Brothers Group

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.