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Close Brothers Group ( (GB:CBG) ) has shared an update.
Close Brothers Group has transferred 4,180 ordinary shares from treasury to participants in its employee share plans, at transfer prices ranging between 243 pence and 371 pence per share. Following this transaction, the group now holds 1,525,638 ordinary shares in treasury and has 150,534,652 shares in issue excluding treasury stock, a routine adjustment that modestly affects its capital structure while supporting ongoing staff incentive arrangements.
The most recent analyst rating on (GB:CBG) stock is a Hold with a £539.00 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 is a UK-based financial services group operating primarily in banking, wealth management and securities trading. It serves retail, commercial and institutional clients with a focus on specialist lending, savings and investment services in the UK market.
YTD Price Performance: -0.86%
Average Trading Volume: 386,312
Technical Sentiment Signal: Hold
Current Market Cap: £773M
See more data about CBG stock on TipRanks’ Stock Analysis page.