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The latest announcement is out from Close Brothers Group ( (GB:CBG) ).
Close Brothers Group plc has published admission particulars for the issuance of £250 million 6.125% Subordinated Tier 2 Notes, marking a new capital markets transaction for the London-listed merchant bank. The subordinated notes, which qualify as Tier 2 capital, are expected to strengthen the group’s regulatory capital position and funding base, supporting its ability to grow its lending and other financial services operations while reinforcing balance sheet resilience for investors and other stakeholders.
The most recent analyst rating on (GB:CBG) stock is a Buy with a £625.00 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.
The score is held back primarily by weakening profitability (revenue decline and a net loss) and rising leverage, despite a notable rebound in operating/free cash flow. Technicals are supportive with a strong uptrend but appear overbought, and valuation is constrained by a negative P/E and no dividend yield data.
To see Spark’s full report on GB:CBG stock, click here.
More about Close Brothers Group
Close Brothers Group plc is a UK-based merchant banking group that provides lending, deposit taking, wealth management and securities trading services, with a focus on supporting small and medium-sized businesses and individual clients in the UK market.
Average Trading Volume: 374,071
Technical Sentiment Signal: Hold
Current Market Cap: £780.5M
Find detailed analytics on CBG stock on TipRanks’ Stock Analysis page.