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An announcement from Close Brothers Group ( (GB:CBG) ) is now available.
Close Brothers Group has transferred 999 ordinary shares from treasury to participants in its employee share plans at a price of 371 pence per share. Following this allocation, the group now holds 1,523,199 ordinary shares in treasury and has 150,537,091 ordinary shares in issue, a routine capital management move that marginally adjusts its share capital while supporting staff incentive arrangements.
The most recent analyst rating on (GB:CBG) stock is a Buy with a £625.00 price target. To see the full list of analyst forecasts on Close Brothers Group stock, see the GB:CBG Stock Forecast page.
Spark’s Take on GB:CBG Stock
According to Spark, TipRanks’ AI Analyst, GB:CBG is a Neutral.
The score is held back primarily by weakening profitability (revenue decline and a net loss) and rising leverage, despite a notable rebound in operating/free cash flow. Technicals are supportive with a strong uptrend but appear overbought, and valuation is constrained by a negative P/E and no dividend yield data.
To see Spark’s full report on GB:CBG stock, click here.
More about Close Brothers Group
Close Brothers Group is a UK-listed financial services group that provides specialist lending, deposit taking, wealth management and securities trading services. The company typically focuses on serving small and medium-sized businesses, professionals and high net-worth clients through a range of banking and investment solutions.
YTD Price Performance: -0.86%
Average Trading Volume: 373,370
Technical Sentiment Signal: Hold
Current Market Cap: £773M
For a thorough assessment of CBG stock, go to TipRanks’ Stock Analysis page.