Added to YB: 2026-10-09
Pitch date: 2026-10-05
CBG.L [bullish]
Close Brothers Group plc
-4.65%
current return
Author Info
No bio for this author
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 3.87
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-6.76
EV/Sales
N/A
Sector
Banks
Category
turnaround
The Monday Morning Briefing: AI Drives Everything, Yet ROI on Massive Capex Remains Uncertain - Close Brothers Group plc
CBG.L (earnings): Close Brothers’ restructuring is running ahead of plan: FY26 adjusted operating profit beat consensus by 8.4%, driven by lower costs, while annualised savings reached £36m and are now targeted above £60m by end-FY27; 2H loan growth also recovered to 4%. The main risk remains the disputed £318.5m motor-finance provision. Shares trade at 0.52x TNAV, leaving a discount despite improving execution.
Read full article (1 min)