Close Brothers Group (LON:CBG) released its quarterly earnings results on Tuesday. The company reported GBX 71.20 ($0.98) EPS for the quarter, topping the consensus estimate of GBX 68.50 ($0.95) by GBX 2.70 ($0.04), Bloomberg Earnings reports. The business had revenue of GBX 4,055 billion during the quarter. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%.
Close Brothers Group (LON:CBG) opened at GBX 1,558 ($21.53) on Tuesday. The stock has a market cap of $2,380.00 and a PE ratio of 1,217.19. Close Brothers Group has a 12-month low of GBX 1,315 ($18.17) and a 12-month high of GBX 1,715 ($23.69).
Several equities analysts have recently commented on the stock. Shore Capital restated a “hold” rating on shares of Close Brothers Group in a research report on Thursday, November 16th. Liberum Capital restated a “hold” rating and set a GBX 1,464 ($20.23) price target on shares of Close Brothers Group in a research report on Friday. Macquarie restated an “underperform” rating and set a GBX 1,138 ($15.72) price target on shares of Close Brothers Group in a research report on Thursday, November 23rd. Peel Hunt restated a “buy” rating and set a GBX 1,600 ($22.11) price target on shares of Close Brothers Group in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,800 ($24.87) target price on shares of Close Brothers Group in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,543.50 ($21.32).
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance.
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