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Close Brothers Group ( (GB:CBG) ) has issued an announcement.
Close Brothers Group has completed the sale of Winterflood Securities to Marex Group, following regulatory approval. This transaction marks a strategic move for Close Brothers as it continues to present Winterflood’s results as discontinued operations, potentially impacting its financial statements and market positioning.
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 is a UK specialist banking group that provides lending and deposit-taking services. The company employs approximately 3,000 people, primarily in the United Kingdom and Ireland, and is listed on the London Stock Exchange as a constituent of the FTSE 250.
YTD Price Performance: 90.77%
Average Trading Volume: 596,750
Technical Sentiment Signal: Hold
Current Market Cap: £670.6M
Find detailed analytics on CBG stock on TipRanks’ Stock Analysis page.