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

Close Brothers Group (LON:CBG)‘s stock had its “hold” rating restated by analysts at Shore Capital in a research report issued to clients and investors on Friday, MarketBeat.com reports. They currently have a GBX 510 target price on the stock. Shore Capital’s target price would suggest a potential upside of 16.39% from the stock’s current price.

Other analysts also recently issued reports about the company. Canaccord Genuity Group restated a “buy” rating and issued a GBX 463 target price on shares of Close Brothers Group in a research note on Monday, August 4th. UBS Group restated a “neutral” rating and issued a GBX 535 target price on shares of Close Brothers Group in a research note on Monday, September 15th. Keefe, Bruyette & Woods reduced their target price on Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating for the company in a research note on Friday. Royal Bank Of Canada reduced their target price on Close Brothers Group from GBX 525 to GBX 500 and set a “sector perform” rating for the company in a research note on Friday, October 3rd. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 500 price target on shares of Close Brothers Group in a research report on Thursday. Two 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 presently has an average rating of “Hold” and a consensus target price of GBX 501.88.

Close Brothers Group Trading Down 4.1%

Shares of Close Brothers Group stock opened at GBX 438.20 on Friday. The business has a 50-day moving average price of GBX 493.32 and a two-hundred day moving average price of GBX 397.13. The company has a market cap of £659.60 million, a P/E ratio of -655.01, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 1-year low of GBX 179.83 and a 1-year high of GBX 563.50.

Close Brothers Group (LON:CBG) last issued its earnings results on Tuesday, September 30th. The company reported GBX 59.30 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 forecast that Close Brothers Group will post 66.0070671 EPS for the current fiscal 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.