Close Brothers COO Exercises Share Options in Strategic Transaction

Close Brothers Group ( (GB:CBG) ) has provided an update.

Close Brothers Group plc announced a transaction involving Simon Jacobs, the Group Chief Operating Officer, who exercised options under the 2023 Retention and Recruitment Share Plan. The transaction involved the exercise of 23,303 shares, a partial sale of 10,992 shares to cover tax obligations, and the retention of 12,311 shares. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing efforts to manage executive compensation and align managerial interests with shareholder value.

The most recent analyst rating on (GB:CBG) stock is a Buy with a £385.00 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 overall score reflects financial challenges, primarily driven by negative cash flow and declining profitability. Technical indicators and valuation suggest cautious optimism, with corporate events providing some positive sentiment.

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

More about Close Brothers Group

Close Brothers Group plc operates in the financial services industry, providing a range of services including banking, securities trading, and asset management. The company focuses on serving small and medium-sized enterprises, as well as retail customers, primarily in the UK market.

Average Trading Volume: 1,053,028

Technical Sentiment Signal: Strong Sell

Current Market Cap: £486.2M

For a thorough assessment of CBG stock, go to TipRanks’ Stock Analysis page.