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

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating restated by Shore Capital in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 510 price objective on the stock. Shore Capital’s target price would indicate a potential upside of 28.14% from the stock’s previous close.

Several other brokerages have also issued reports on CBG. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 400 price target on shares of Close Brothers Group in a research note on Thursday, October 16th. Keefe, Bruyette & Woods reduced their price objective 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. Peel Hunt reaffirmed a “hold” rating and issued a GBX 327 target price on shares of Close Brothers Group in a research report on Friday, July 25th. Royal Bank Of Canada dropped their price objective on shares of Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating on the stock in a research report on Friday, October 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 535 price objective on shares of Close Brothers Group in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 494.

Close Brothers Group Stock Down 3.4%

Shares of CBG traded down GBX 14 during mid-day trading on Thursday, hitting GBX 398. 201,723 shares of the company’s stock were exchanged, compared to its average volume of 1,506,889. The firm has a fifty day moving average of GBX 457.59 and a two-hundred day moving average of GBX 424.72. Close Brothers Group has a twelve month low of GBX 200.40 and a twelve month high of GBX 563.50. The stock has a market cap of £599.09 million, a price-to-earnings ratio of -5.95, a P/E/G ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last issued its quarterly earnings results 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%. On average, equities analysts predict that Close Brothers Group will post 66.0070671 earnings per share 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.