You are here

Prices & Quotes - UK Markets - Close Brothers Group (CBG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 1,295.00p
Change Today:
-58.00p
Market Cap:
1,947.63m
Sector:
Banks

RBC Capital downgrades Close Brothers on full valuation

By Michele Maatouk

Date: Wednesday 06 Oct 2021

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets downgraded Close Brothers to 'sector perform' from 'outperform' on Wednesday, cutting the price target to 1,700p from 1,800p as it said the valuation looks relatively full.
The bank said it doesn't see a catalyst for the shares in the near term.

RBC noted that banking loan book growth of 11% in FY21 was much stronger than consensus expected going into the year.

It said consensus expectations for 6% growth in FY22 represent an achievable hurdle but management's guidance on the full year results call was cautious, with some debate about whether government loan schemes have brought demand forward.

"We are ahead of consensus modelling 8% growth in FY22, but the delta is a lot lower than last year," it said.

RBC also pointed out that Close Brothers has a small negative gearing to rising rates.

"It therefore made sense to own the stock when negative rates were first being priced into the curve in the summer of 2020. However, with UK rate expectations now firmly in positive territory (+60 basis points expected by the end of FY23), a potential tailwind has now turned into a potential headwind."

At 1000 BST, the shares were down 2.6% at 1,517p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CBG Market Data

Currency UK Pounds
Price 1,295.00p
Change Today -58.00p
52 Week High 1,685.00p
52 Week Low 1,289.00p
Volume 168,919
Shares Issued 150.40m
Market Cap 1,947.63m
Beta 1.22

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Price Chg 6m
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 8
Sell 1
Strong Sell 0
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CBG Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Oct-21 25-Mar-21
Paid 23-Nov-21 28-Apr-21
Amount 42.00p 18.00p

Trades for 26-Nov-2021

Time Volume / Share Price
16:49 3,884 @ 1,295.00p
16:35 52,805 @ 1,295.00p
16:29 27 @ 1,300.00p
16:29 68 @ 1,300.00p
16:29 90 @ 1,298.00p

CBG Key Personnel

Chair Michael N Biggs