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Close Brothers Group ( (GB:CBG) ) has issued an update.
Close Brothers Group has transferred 172 ordinary shares from treasury to participants in its employee share plans at a price of 243 pence per share. Following this small transaction, the group holds 1,523,027 ordinary shares in treasury and has 150,537,263 ordinary shares in issue, indicating only a marginal change in its share capital structure while continuing to support staff incentives through equity-based remuneration.
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 financial services company operating as a specialist merchant banking group. It provides lending, deposit taking, wealth management and securities trading services to retail, SME and professional clients, with a focus on conservative balance sheet management and capital discipline.
YTD Price Performance: -3.35%
Average Trading Volume: 373,346
Technical Sentiment Signal: Hold
Current Market Cap: £753.6M
Find detailed analytics on CBG stock on TipRanks’ Stock Analysis page.