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Close Brothers Group ( (GB:CBG) ) has shared an update.
Close Brothers Group has transferred 1,440 ordinary shares from treasury to participants in its employee share plans at a transfer price of 371 pence per share. Following this transaction, the company now holds 1,524,198 ordinary shares in treasury and has 150,536,092 ordinary shares in issue excluding treasury stock, indicating a routine capital management and employee incentive move with minimal impact on overall share 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 is a UK-based merchant banking group that provides lending, deposit taking, wealth management and securities trading services to retail, small and medium-sized business, and institutional clients. The group focuses on specialist, relationship-driven financial services within the UK market, operating through divisions in banking, asset management and securities.
YTD Price Performance: 2.39%
Average Trading Volume: 372,767
Technical Sentiment Signal: Hold
Current Market Cap: £798.4M
Find detailed analytics on CBG stock on TipRanks’ Stock Analysis page.