Close Brothers Group (LON:CBG) Receives “Hold” Rating from Shore Capital

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating reiterated by analysts at Shore Capital in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 510 price target on the stock. Shore Capital’s price objective suggests a potential upside of 28.14% from the company’s previous close.

CBG has been the topic of several other reports. UBS Group reiterated a “neutral” rating and issued a GBX 535 price target on shares of Close Brothers Group in a research report on Monday, September 15th. Keefe, Bruyette & Woods lowered their price target on Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a research report on Friday, October 10th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 500 price target on shares of Close Brothers Group in a research note on Thursday, October 9th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 400 price objective on shares of Close Brothers Group in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada decreased their price objective on Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating for the company in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Close Brothers Group currently has a consensus rating of “Hold” and a consensus target price of GBX 494.

Close Brothers Group Trading Down 3.4%

Close Brothers Group stock traded down GBX 14 during mid-day trading on Thursday, hitting GBX 398. The company had a trading volume of 201,723 shares, compared to its average volume of 1,506,889. Close Brothers Group has a 12 month low of GBX 200.40 and a 12 month high of GBX 563.50. The company has a market capitalization of £599.09 million, a PE ratio of -5.95, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock’s 50 day moving average price is GBX 457.59 and its two-hundred day moving average price is GBX 424.72.

Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, September 30th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Equities research analysts anticipate that Close Brothers Group will post 66.0070671 EPS for the current year.

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.