Close Brothers stock falls as RBC cuts target to GBp 470

Close Brothers stock stood at GBp 380.61 on the London Stock Exchange on September 24, 2026, down 1.29 percent on the session and 31.6 percent below its GBp 556.15 52-week high. The latest broker action adds pressure to the valuation discussion.

RBC cuts target to GBp 470

According to Halifax on September 22, 2026, RBC Capital Markets lowered its Close Brothers price target from GBp 625 to GBp 470 and changed its view to Sector Perform.

The GBp 155 reduction equals 24.8 percent of the previous target. At GBp 380.61, the new target remains GBp 89.39 above the quoted share price, a gap of 23.5 percent.

Annual revenue reaches GBP 684.7 million

IT Boltwise reported on September 19, 2026, that Close Brothers annual results included revenue of GBP 684.7 million and profit before tax of GBP 115.6 million.

Those figures give the stock a second reference point beyond the broker target. The reported profit before tax equals 16.9 percent of the stated revenue, putting profitability at the center of the current valuation debate.

Stock stays near yearly low

Close Brothers shares were GBp 62.21 above the GBp 318.40 52-week low on September 24, 2026. The gap to the yearly high was GBp 175.54, so the current quotation sits materially closer to the lower end of its annual range.

Close Brothers is a UK merchant banking group serving small businesses and individuals, according to Simply Wall St in its September 2026 company profile. That structure makes the target reduction and the distance from the 52-week high the key market measures for the shares.

Close Brothers stock at GBp 380.61

Close Brothers stock stood at GBp 380.61 on the London Stock Exchange on September 24, 2026. The session change was minus 1.29 percent, while the annual range was GBp 318.40 to GBp 556.15.