TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Close Brothers Group ( (GB:CBG) ) is now available.
Close Brothers Group plc announced the transfer of 1,474 ordinary shares from treasury to a participant in its employee share plans, with transfer prices ranging from 243 pence to 371 pence. This transaction leaves the company with 1,534,857 ordinary shares in treasury and a total of 150,525,433 shares in issue, excluding treasury shares, potentially impacting its share capital structure and employee incentives.
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 small and medium-sized enterprises, as well as individuals, with tailored financial solutions.
YTD Price Performance: 68.33%
Average Trading Volume: 683,790
Technical Sentiment Signal: Sell
Current Market Cap: £591.7M
For detailed information about CBG stock, go to TipRanks’ Stock Analysis page.