Close Brothers Group Sees Change in Major Shareholder Voting Rights

An announcement from Close Brothers Group ( (GB:CBG) ) is now available.

Close Brothers Group PLC has announced a change in the voting rights held by Aberdeen Group plc, which has decreased from 9.87% to 8.52% as of June 6, 2025. This reduction in voting rights reflects a decrease in the shares managed by abrdn Holdings Limited and abrdn Investments Limited, falling below the 5% notifiable threshold due to trading activities. This shift might impact the company’s shareholder dynamics and influence within the market.

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 stock score is largely influenced by its stable financial position despite revenue and cash flow challenges. Corporate events reflecting management’s confidence also contribute positively. However, valuation concerns due to a negative P/E ratio and absence of dividend yield weigh down the score.

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. The company provides a range of services including lending, deposit-taking, wealth management, and securities trading, focusing on serving small and medium-sized enterprises, as well as individuals in the UK market.

YTD Price Performance: 37.43%

Average Trading Volume: 1,054,233

Technical Sentiment Signal: Sell

Current Market Cap: £483M

See more insights into CBG stock on TipRanks’ Stock Analysis page.