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Close Brothers Group ( (GB:CBG) ) has issued an announcement.
Close Brothers Group has disclosed that its Group Chief Executive, Michael Morgan, has carried out a “Bed and ISA” transaction involving 2,841 ordinary shares in the company. Morgan sold and immediately repurchased the same number of shares at £5.07 per share via the London Stock Exchange, moving them into an ISA with no change in his beneficial ownership, in line with regulatory requirements for reporting senior management dealings.
The most recent analyst rating on (GB:CBG) stock is a Hold with a £539.00 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, operating primarily as a specialist merchant bank. It provides lending, deposit-taking, wealth management and securities trading services, with its shares traded on the London Stock Exchange.
YTD Price Performance: -0.86%
Average Trading Volume: 386,312
Technical Sentiment Signal: Hold
Current Market Cap: £773M
For detailed information about CBG stock, go to TipRanks’ Stock Analysis page.