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The latest update is out from Close Brothers Group ( (GB:CBG) ).
Close Brothers Group plc announced the transfer of 580 ordinary shares from treasury to participants in its employee share plans at a price of 243 pence per share. This transaction reflects the company’s ongoing commitment to its employee incentive programs, maintaining a treasury stock of 1,534,277 shares and a total of 150,526,013 shares in issue, excluding treasury shares.
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 Group plc operates in the financial services industry, providing a range of banking, securities, and asset management services. The company focuses on serving clients in the UK and is known for its expertise in niche markets.
YTD Price Performance: 97.63%
Average Trading Volume: 562,001
Technical Sentiment Signal: Buy
Current Market Cap: £694.7M
Find detailed analytics on CBG stock on TipRanks’ Stock Analysis page.