Close Brothers CEO Exercises Share Options and Sells Portion of Holdings

An announcement from Close Brothers Group ( (GB:CBG) ) is now available.

Close Brothers Group plc has disclosed a transaction by its Group Chief Executive, Michael Morgan, involving the exercise of 5,379 nil-cost options over ordinary shares granted under the company’s 2022 DAB scheme. Following the option exercise, Morgan sold 2,538 shares at £5.17 each on the London Stock Exchange and retained 2,841 shares, a move that marginally adjusts his equity exposure and is reported in line with regulatory requirements on dealings by senior management.

The most recent analyst rating on (GB:CBG) stock is a Hold with a £475.00 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.

Close Brothers Group’s stock score is primarily driven by strong technical indicators and positive corporate events, which suggest a favorable market sentiment and strategic alignment. However, financial performance challenges and valuation concerns moderate the overall score. The company’s ability to address revenue growth and cash flow management will be crucial for future stability.

To see Spark’s full report on GB:CBG stock, click here.

More about Close Brothers Group

Close Brothers Group plc is a UK-based financial services firm listed on the London Stock Exchange, primarily focused on banking and related financial products. The group operates through businesses that provide lending, deposit-taking and wealth management services to a range of retail, commercial and professional clients in the UK market.

YTD Price Performance: 119.94%

Average Trading Volume: 516,483

Technical Sentiment Signal: Hold

Current Market Cap: £775.2M

For an in-depth examination of CBG stock, go to TipRanks’ Overview page.