Close Brothers Group (CBG) Share Price, News & Analysis

Company Overview

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. In addition, it provides asset management services, such as investment management solutions; financial planning, custody, and tax services. Further, the company offers investment advisory and broking and trading related services, as well as provides funding services for general aviation aircraft, and various leisure and commercial marine vessels; and brewery rentals. Additionally, it provides leasing services for commercial vehicles, machine tools, contractor plant, printing equipment, car fleets, aircraft and marine vessels, and energy project. Furthermore, the company offers financing services to the professional service sector, including dental, accounting, opticians, legal, funeral, veterinary, medical, and pharmaceutical sectors. It provides self-directed services that help investors to manage their portfolio online; and services for financial advisers; and liquidity and flexible execution services to retail stockbrokers, wealth managers, and institutional investors. The company offers market making, sales, research, and corporate broking services; and dealing, custody, and settlement services to the institutional, wealth management, and brokerage clients. Close Brothers Group plc was founded in 1878 and is headquartered in London, the United Kingdom.

Key Stats

• Today's Range: 222.20 to 230
• 50-Day Range: 185 to 389.49
• 52-Week Range: 179.83 to 819
• Volume: 5.38 million shs
• Average Volume: 1.06 million shs
• Market Capitalization: £335.59 million
• P/E Ratio: 371.67
• Dividend Yield: 30.49%
• Price Target: GBX 556.60
• Consensus Rating: Buy

Close Brothers Group Stock Analysis - MarketRank™

Close Brothers Group scored higher than 70% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Close Brothers Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Close Brothers Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Close Brothers Group is 371.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Close Brothers Group is 371.67, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 418.74.

Price to Earnings Growth Ratio

Close Brothers Group has a PEG Ratio of 1.87. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Close Brothers Group has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CBG.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Close Brothers Group is a leading dividend payer. It pays a dividend yield of 16.96%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Close Brothers Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Close Brothers Group is 11,333.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CBG.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.42

News Sentiment

Close Brothers Group has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Close Brothers Group this week, compared to 1 article on an average week.

MarketBeat Follows

Only 12 people have added Close Brothers Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Close Brothers Group insiders have sold 78.34% more of their company's stock than they have bought. Specifically, they have bought £14,709.20 in company stock and sold £26,232.85 in company stock.

Percentage Held by Insiders

Only 2.91% of the stock of Close Brothers Group is held by insiders.

Percentage Held by Institutions

75.28% of the stock of Close Brothers Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CBG Stock Analysis - Frequently Asked Questions

How have CBG shares performed this year?

Close Brothers Group's stock was trading at GBX 794 on January 1st, 2024. Since then, CBG stock has decreased by 71.9% and is now trading at GBX 223.
View the best growth stocks for 2024 here.

How were Close Brothers Group's earnings last quarter?

Close Brothers Group plc (LON:CBG) issued its quarterly earnings results on Tuesday, March, 13th. The company reported $71.20 earnings per share for the quarter, topping analysts' consensus estimates of $68.50 by $2.70. The company had revenue of $405.50 million for the quarter. Close Brothers Group had a trailing twelve-month return on equity of 5.76% and a net margin of 10.83%.

How do I buy shares of Close Brothers Group?

Shares of CBG stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Close Brothers Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Close Brothers Group investors own include The Sage Group (SGE), Hologic (HOLX), BHP Group (BHP), Herc (HRI), EZCORP (EZPW), Imperial Brands (IMB) and (MBBYF) (MBBYF).

Company Calendar

• Last Earnings: 3/13/2018
• Today: 12/21/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Financial Services
• Industry: Banks - Regional
• Sub-Industry: N/A
• Current Symbol: LON:CBG
• CUSIP: N/A
• CIK: N/A
• Web: www.closebrothers.com
• Phone: +44-20-76553100
• Fax: N/A
• Employees: 4,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 556.60
• High Stock Price Target: GBX 665
• Low Stock Price Target: GBX 425
• Potential Upside/Downside: +149.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 0.60
• Trailing P/E Ratio: 371.67
• Forward P/E Ratio: 3.38
• P/E Growth: 1.87
• Net Income: £89.30 million
• Net Margins: 10.83%
• Pretax Margin: N/A
• Return on Equity: 5.76%
• Return on Assets: 0.73%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: £926.80 million
• Price / Sales: 0.36
• Cash Flow: GBX 244.79 per share
• Price / Cash Flow: 0.91
• Book Value: GBX 1,104 per share
• Price / Book: 0.20

Miscellaneous

• Outstanding Shares: 150,490,000
• Free Float: N/A
• Market Cap: £335.59 million
• Optionable: Not Optionable
• Beta: 0.82