Added to YB: 2026-10-06
Pitch date: 2026-09-30
CBG.L [bullish]
Close Brothers Group plc
-12.02%
current return
Author Info
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Company Info
Close Brothers Group plc, a banking company, engages in the provision of lending and deposit taking in the United Kingdom.
Market Cap
GBP 589.7M
Pitch Price
GBP 4.19
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-6.76
EV/Sales
N/A
Sector
Banks
Category
turnaround
Close Brothers - A Clearer Road Ahead?
CBG.L (earnings): Close Brothers’ FY26 results strengthened the recovery case: adjusted operating profit of £120.3m beat consensus by 8.4%, costs materially outperformed and no additional motor-finance provision was taken in Q4. Management now targets more than £60m of annualised savings by end-FY27 and double-digit FY28 RoTE. At 0.52x TNAV, valuation remains discounted, but motor-redress uncertainty and rising Property impairments remain material risks. A takeout is plausible longer term, but likely requires clarity on motor redress and the Aldermore sale.
Read full article (12 min)