Close Brothers Group (CBG)

Sector:

Banking

Index:

FTSE 250

438.00p
   
  • Change Today:
      6.60p
  • 52 Week High: 976.50
  • 52 Week Low: 299.20
  • Currency: UK Pounds
  • Shares Issued: 150.49m
  • Volume: 134,721
  • Market Cap: £659.14m
  • RiskGrade: 146

Tuesday preview: Bank of Japan, Close Brothers in focus

By Alexander Bueso

Date: Tuesday 19 Mar 2024

LONDON (ShareCast) - (Sharecast News) - All eyes will be on the Bank of Japan with some traders banking on an end to its policy of negative interest rates and yield curve control.




Also out of Asia Pacific, overnight rate-setters Down Under were expected to announce their decision to keep its cash rate at 4.35%.

No major economic releases are due out in the U.K..

In the euro area, the market spotlight will be on the ZEW Institute's economic confidence gauge for Germany covering the month of March.

Stateside meantime, the Department of Commerce will publish housing starts and building permits figures for February.

Close Brothers Group is among the companies due to update its shareholders on Tuesday.

The merchant banking outfit is expected to post income of £472m for the six months ending on 31 January.

That is expected to yield a profit before tax for the first half of the year of £89m.

But according to Sanjena Dadawala at UBS, investors' focus will be on management's thoughts, actions and disclosures related to the Financial Conduct Authority's motor finance review.

"While the outcome and thus impact on firms remains uncertain, we've built in a £50m below the line provision for FY24 (£25m each in 1H and 2H) and £280m in total until FY26, and no dividends for FY24 (as announced by the firm) and half the FY23 DPS for FY25," the analyst told clients.





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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CBG Market Data

Currency UK Pounds
Share Price 438.00p
Change Today 6.60p
% Change 1.53 %
52 Week High 976.50
52 Week Low 299.20
Volume 134,721
Shares Issued 150.49m
Market Cap £659.14m
RiskGrade 146

CBG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.95% above the market average98.95% above the market average98.95% above the market average98.95% above the market average98.95% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Price Trend
83.28% below the market average83.28% below the market average83.28% below the market average83.28% below the market average83.28% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
74.97% above the market average74.97% above the market average74.97% above the market average74.97% above the market average74.97% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
93.58% below the market average93.58% below the market average93.58% below the market average93.58% below the market average93.58% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 4
Sell 1
Strong Sell 0
Total 9
buy
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 19-Oct-23 23-Mar-23
Paid 24-Nov-23 26-Apr-23
Amount 45.00p 22.50p

Trades for 18-Jun-2024

Time Volume / Share Price
12:28 250 @ 437.45p
12:20 85 @ 436.80p
12:20 1 @ 438.00p
12:18 4 @ 438.60p
12:08 7 @ 437.20p

CBG Key Personnel

Chair Michael N Biggs

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