Close Brothers Sells Winterflood Securities to Marex for £103.9 Million

An update from Close Brothers Group ( (GB:CBG) ) is now available.

Close Brothers Group has announced the sale of its execution services and securities business, Winterflood Securities, to Marex Group for approximately £103.9 million in cash. This strategic move aligns with Close Brothers’ priorities to simplify its portfolio and focus on core lending activities, enhancing operational efficiency and driving sustainable growth. The transaction, expected to complete in early 2026, will improve Close Brothers’ Common Equity Tier 1 capital ratio and allow Marex to expand its equity market-making business, leveraging Winterflood’s technology and client relationships.

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 is a leading UK merchant banking group that provides lending, deposit-taking, and securities trading services. The company employs approximately 3,000 people, primarily in the United Kingdom and Ireland, and is listed on the London Stock Exchange as part of the FTSE 250 index.

Average Trading Volume: 587,433

Technical Sentiment Signal: Sell

Current Market Cap: £612.1M

For an in-depth examination of CBG stock, go to TipRanks’ Overview page.