Close Brothers Group (CBG) Posts Earnings Results, Beats Expectations By $2.70 EPS
Close Brothers Group (LON:CBG) announced its quarterly earnings data on Tuesday. The company reported GBX 71.20 ($0.98) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 68.50 ($0.95) by GBX 2.70 ($0.04), Bloomberg Earnings reports. Close Brothers Group had a net margin of 22.76% and a return on equity of 15.84%. The company had revenue of £4,055 billion during the quarter.
Shares of Close Brothers Group (CBG) opened at GBX 1,522 ($21.03) on Wednesday. The firm has a market cap of $2,310.00 and a price-to-earnings ratio of 1,189.06. 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).
A number of equities research analysts have recently issued reports on CBG shares. Shore Capital reaffirmed a “hold” rating on shares of Close Brothers Group in a research note on Thursday, November 16th. Peel Hunt raised shares of Close Brothers Group to a “buy” rating and set a GBX 1,600 ($22.11) price objective for the company in a research note on Thursday, November 16th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,464 ($20.23) price objective on shares of Close Brothers Group in a research note on Thursday, November 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,800 ($24.87) price objective on shares of Close Brothers Group in a research note on Friday, November 17th. Finally, Macquarie reaffirmed an “underperform” rating and issued a GBX 1,138 ($15.72) price objective on shares of Close Brothers Group in a research note on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus 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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