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Close Brothers Group ( (GB:CBG) ) has provided an announcement.
Close Brothers Group has announced a transaction involving Nazrul Kazi, the Group Head of Internal Audit, who exercised options under the 2023 Retention and Recruitment Share Plan. The transaction involved the exercise of options, a partial sale of shares to cover tax obligations, and the retention of remaining shares. This move is part of the company’s ongoing efforts to retain and recruit key personnel, potentially impacting its operational stability and strategic positioning.
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 operates in the financial services industry, providing a range of services including banking, asset management, and securities trading. The company focuses on serving small and medium-sized enterprises and high-net-worth individuals, primarily in the UK market.
Average Trading Volume: 692,257
Technical Sentiment Signal: Sell
Current Market Cap: £560M
Learn more about CBG stock on TipRanks’ Stock Analysis page.