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An update from Close Brothers Group ( (GB:CBG) ) is now available.
Close Brothers Group plc has launched a cash tender offer for any and all of its £200 million 2.00% Subordinated Tier 2 Notes due to reset in September 2026, offering a purchase price of 99.150% of nominal value plus accrued interest. The move is part of the bank’s active capital management strategy and is being undertaken alongside a planned issue of new Tier 2 securities, with the purchase of existing notes conditional on the successful completion of the new issue; noteholders who tender may receive priority in allocation of the new notes, providing both liquidity to existing investors and supporting Close Brothers’ ongoing optimisation of its regulatory capital structure.
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 providing specialist lending, deposit taking, wealth management and securities trading services. The group focuses on serving small and medium-sized businesses, professionals and high-net-worth clients, with a strong emphasis on prudent capital management and regulatory capital optimisation within the UK financial services sector.
YTD Price Performance: -0.86%
Average Trading Volume: 373,370
Technical Sentiment Signal: Hold
Current Market Cap: £773M
See more insights into CBG stock on TipRanks’ Stock Analysis page.