Can Close Brothers continue impressive recovery?
After a terrible four years, shares in the finance firm have doubled in 2025 so far. Independent analyst Alistair Strang has run the numbers to see what lies in store for the rest of the year.
9th September 2025 07:53
by Alistair Strang from Trends and Targets
When we previously reviewed Close Brothers Group (LSE:CBG) in 2023, the so-called scandal regarding car loans was just bubbling under, but we still managed to give criteria laying out the potential for a drop to 445p.
This obviously has been achieved and exceeded but it appears the prospective damage across the financial sector is being diluted.
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There are now early signs Close Brothers may be shuffling its feet in preparation for some recovery, needing to close a session below 358p to derail any optimism.
Instead, it appears worthwhile to keep an eye on the share price over the next few weeks in the hope it manages to close a session above a significant 508p or, if feeling brave, start trading above 493p intraday.
Either event has the potential to trigger recovery to an initial 606p with our secondary, if beaten, at a more useful 685p. Overall, this would emplace the share in a zone where a long-term attraction calculates as coming from a distant 928p.
If things are planning to go wrong, below 358p risks a visit to an initial 308p with our secondary, if broken, now at an ultimate bottom of 220p along with potentially a strong rebound.
Overall, the markets remain in holiday mode, but some shares appear to be making signs of waking up. The underlying trend in the US and the UK is for market gains virtually across the board.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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