RBC raises Close Brothers target to GBp 480: Close Brothers stock gains 2.55 percent

Published on 10/20/2026 at 19:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Close Brothers saved GBP 36.00 million in fiscal 2026. Close Brothers stock costs EUR 4.43 on October 20, 2026, up 2.55 percent versus Xetra close.

Analyst target and reporting date

RBC raised its Close Brothers target from GBp 470.00 to GBp 480.00 on October 1, 2026.
Close Brothers delivered GBP 36.00 million in annualized savings during fiscal 2026.
Close Brothers stock costs EUR 4.43 at Lang & Schwarz on October 20, 2026 at 7:39 p.m. CEST, 2.55 percent above the Xetra close of October 19, 2026.

Schwarzweißfoto eines Beratungsgesprächs zwischen Kreditberater und Kunde — Schwarzweiß-Reportagefoto zeigt Kreditberatung, thematisch verbunden mit Close Brothers Group plc, ISIN GB0007668071, Illustration mit AI erstellt.

RBC raised its Close Brothers target from GBp 470.00 to GBp 480.00 on October 1, 2026, while keeping a sector perform rating, according to Morningstar. The target was 29.31 percent above the GBp 371.20 LSE price reported for October 19, 2026, according to Yahoo Finance. Close Brothers was trading at EUR 4.43 at Lang & Schwarz on October 20, 2026 at 7:39 p.m. CEST, plus 2.55 percent versus the Xetra close of October 19, 2026 at EUR 4.32.

RBC target points to valuation

The analyst action gives investors a dated benchmark after Close Brothers reported fiscal 2026 results on September 29, 2026. RBC's GBp 480.00 target remains below the GBp 495.00 target cited for Shore Capital in an October 1, 2026 market report, which kept a Buy rating, according to Academiya FX.

The valuation gap is paired with weaker recent earnings. Close Brothers reported adjusted operating profit of GBP 120.30 million for fiscal 2026, down from GBP 144.30 million, while adjusted operating income fell 6.00 percent to GBP 643.00 million, according to Investing.com.

What do the cost figures mean?

Cost control was the clearest offset to the profit decline. Close Brothers delivered GBP 36.00 million of annualized savings in fiscal 2026 against a GBP 25.00 million target and said fiscal 2027 savings should exceed GBP 60.00 million, according to Investing.com. The group also guided to underlying loan book growth of 5.00 percent to 10.00 percent in fiscal 2027.

Price position and coming dates

The euro quotation sits within a 52-week range of EUR 3.80 to EUR 6.20 as of October 20, 2026. At EUR 4.43, the stock is 28.55 percent below the high and 16.58 percent above the low; the reported market capitalization is EUR 642.1 million.

Close Brothers has scheduled its annual general meeting for November 19, 2026, according to a regulatory notice carried by Lloyds Bank. Management also said the Upper Tribunal hearing on motor finance redress is expected in December 2026 or February 2027, according to Investing.com.

Close Brothers remains below its high

Close Brothers stock was trading at EUR 4.43 at Lang & Schwarz on October 20, 2026 at 7:39 p.m. CEST, plus 2.55 percent versus the Xetra close of October 19, 2026 at EUR 4.32. The quotation remains 28.55 percent below the EUR 6.20 52-week high. The further course of trading is shown by the continuously updated real-time quote of Close Brothers stock.