Close Brothers Group Transfers Shares to Employee Plans

Close Brothers Group ( (GB:CBG) ) has provided an announcement.

Close Brothers Group plc announced the transfer of 18,465 ordinary shares from treasury to participants in its employee share plans, with transfer prices ranging from 243 pence to 371 pence. After this transaction, the company holds 1,546,775 ordinary shares in treasury and has 150,513,515 shares in issue, excluding treasury shares, reflecting its ongoing commitment to employee incentives.

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 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

YTD Price Performance: 118.46%

Average Trading Volume: 759,252

Technical Sentiment Signal: Hold

Current Market Cap: £767.8M

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