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Close Brothers Group ( (GB:CBG) ) has provided an announcement.
Close Brothers Group plc, a financial services company, has announced the transfer of 1,684 ordinary shares from treasury to participants in its employee share plans at a price of 371 pence per share. This transaction leaves the company with 1,569,766 ordinary shares in treasury and a total of 150,490,524 ordinary shares in issue, excluding treasury shares, reflecting its ongoing commitment to employee ownership and incentive programs.
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 a blend of technical strength and strategic corporate events offset by financial and valuation challenges. The stock’s technical indicators and strategic corporate actions are the most significant positive factors, suggesting potential for future growth. However, financial performance and valuation concerns pose risks that need to be managed to sustain long-term investor confidence.
To see Spark’s full report on GB:CBG stock, click here.
More about Close Brothers Group
YTD Price Performance: 82.73%
Average Trading Volume: 615,890
Technical Sentiment Signal: Hold
Current Market Cap: £642.2M
Learn more about CBG stock on TipRanks’ Stock Analysis page.