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Close Brothers Group ( (GB:CBG) ) has shared an announcement.
Close Brothers Group has announced an update regarding the timing of the Supreme Court’s judgment on the ‘Hopcraft’ motor finance commissions case. The judgment, which is crucial for Close Brothers Limited, is set to be published on 1 August 2025. The outcome of this appeal could significantly impact the company’s operations, and Close Brothers will provide further announcements post-judgment as necessary.
The most recent analyst rating on (GB:CBG) stock is a Buy with a £4.63 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.
Close Brothers Group’s overall score reflects a blend of technical strength and strategic corporate events offset by financial and valuation challenges. The stock’s technical indicators and strategic corporate actions are the most significant positive factors, suggesting potential for future growth. However, financial performance and valuation concerns pose risks that need to be managed to sustain long-term investor confidence.
To see Spark’s full report on GB:CBG stock, click here.
More about Close Brothers Group
Close Brothers is a leading UK merchant banking group that offers lending, deposit taking, and securities trading services. The company employs approximately 3,000 people, primarily in the United Kingdom and Ireland, and is listed on the London Stock Exchange.
Average Trading Volume: 587,433
Technical Sentiment Signal: Sell
Current Market Cap: £612.1M
See more insights into CBG stock on TipRanks’ Stock Analysis page.