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Close Brothers Group ( (GB:CBG) ) has provided an announcement.
Close Brothers Group plc has announced a transaction involving the transfer of 1,297 ordinary shares from treasury to participants in its employee share plans at a price of 371 pence per share. This transaction reflects the company’s ongoing commitment to its employee incentive programs and results in the company holding 1,571,450 ordinary shares in treasury, with a total of 150,488,840 ordinary shares in issue, excluding treasury shares.
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 score is driven by strong technical indicators and positive corporate events, indicating a bullish outlook. However, financial performance challenges and an unfavorable valuation due to a negative P/E ratio constrain the score. The company’s strategic shift and management alignment initiatives add confidence in its long-term potential.
To see Spark’s full report on GB:CBG stock, click here.
More about Close Brothers Group
Close Brothers Group plc operates within the financial services industry, offering a range of banking, securities, and asset management services. The company is primarily focused on providing lending, deposit-taking, wealth management services, and securities trading, catering to a diverse clientele including individuals, businesses, and institutions.
Average Trading Volume: 609,517
Technical Sentiment Signal: Sell
Current Market Cap: £610.6M
For an in-depth examination of CBG stock, go to TipRanks’ Overview page.