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RBC Capital downgrades Close Brothers to 'sector perform'
By Michele Maatouk
Date: Monday 18 Aug 2025
(Sharecast News) - RBC Capital Markets downgraded Close Brothers on Monday to 'sector perform' from 'outperform' as it said the motor finance event has played out.
It noted the shares are up around 120% year-to-date, and now trade at 0.56x TBV one year-forward for a 5.9% return on tangible equity.
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