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Close Brothers Group ( (GB:CBG) ) has issued an update.
Close Brothers Group PLC has announced a change in its major holdings due to an in-specie transfer, with Aberdeen Group plc now holding a significant portion of voting rights. This adjustment reflects an increase in the voting rights held by abrdn Holdings Limited and abrdn Investments Limited above the 5% threshold, potentially impacting the company’s governance and strategic decision-making processes.
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 ongoing financial challenges, highlighted by revenue decline and negative cash flow. Technical indicators show moderate bullish momentum, tempered by a concerning valuation due to a negative P/E ratio. Positive corporate events, including insider buying and strategic restructuring, offer a brighter long-term outlook.
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 company that operates in the banking, securities, and asset management sectors. It provides a range of financial services, including lending, deposit-taking, wealth management, and securities trading, primarily focusing on serving small and medium-sized enterprises and retail clients.
Average Trading Volume: 754,061
Technical Sentiment Signal: Sell
Current Market Cap: £543.7M
For detailed information about CBG stock, go to TipRanks’ Stock Analysis page.