Christie Group – ahead of next week’s Interims, is it now time to sell or just hold firm?
Mark Watson-Mitchell - 23.09.2026
Expertise that drives enterprise
Next Monday, 28th September, Christie Group (LON:CTG) will announce its Interim Results to end-June this year.
Capitalised at £50.4m the group is a leading provider of Professional & Financial Services and Stock & Inventory Systems & Services to the healthcare, hospitality, leisure, medical, childcare & education and retail sectors.
In its mid-June AGM Update the company reported that it had made a good start to the year, with robust demand and a strong deal pipeline, stating that full-year expectations remain unchanged.
The group’s shares, now 190p, have performed very well since my end-April feature, then at 120p – a 58% five-month improvement.
Ahead of the Interims next week, investors are now asking whether to take their profits and await a cheaper buying price subsequently – or is it best to hold on tightly to positions?
The Business
Tracing its origins back to 1896, the Christie Group has a long-established reputation for offering valued services to client companies in agency, valuation services, investment, consultancy, project management, stock audit and inventory management.
It is a leading professional business services business with 32 offices across the UK and Continental Europe, catering to its specialist markets in the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.
The company operates in two complementary business divisions: Professional & Financial Services – representing 84% of group revenues; and Stock & Inventory Systems & Services – for some 16%.
Professional & Financial Services provides transaction-related professional services, supporting sales and acquisitions of business assets in its core sectors, as well as a range of advisory services supporting operators, its profitability is linked to transaction activity, while it outperforms during the growth phase of the cycle.
Stock & Inventory Systems & Services enhances operational efficiency for the businesses it serves, there is sustained demand for its services across the economic cycle.
The diversity of these services provides a natural balance to the group's core agency business.
Latest Update
On Tuesday, 16th June, the group reported a strong start to the financial year, with robust demand and a healthy deal pipeline, maintaining full-year expectations.
The UK agency pipeline was up over 14% in value and 19% in deal volume year-on-year, with invoicing expected to convert more fully in the second-half year.
Valuation and Business Appraisal revenues increased by over 8%, while Christie Finance saw fee income rise by 23%.
The company stated that it anticipates selling over 1,000 businesses this year, with a second-half weighting for revenue and profits and remains confident in long-term growth opportunities.
The Equity
There are some 26.53m shares in issue.
The larger holders include The Estate of Philip Gwyn (27.93%), JP Rugg (6.00%), Lord Lee of Trafford (5.88%), David Mrs TC Rugg (4.76%), Christina Bretten (3.87%), Hwfa Gwyn (3.87%), Katherine Gwyn (3.87%), Anna Ross (3.81%), and Andrew Muir (2.96%).
Broker’s View
At Shore Capital Markets analyst Rob Sanders still considers that the group’s shares are significantly undervalued, while his valuation estimates are that they could well be worth 250p a share in future value.
The analyst expects the group’s profits will fall back this year, due to the ongoing investment in both its UK and its international operations as it looks to create a broader, multi-sector offering in mainland Europe.
Based on anticipated pipeline conversion and deal flow throughout the remainder of 2026, the group once again anticipates selling in excess of 1,000 businesses in the year.
Sanders expects current-year revenues to rise to £75.0m (£70.6m), with adjusted pre-tax profits of £4.6m (£6.0m), earnings of 13.6p (19.4p) and a dividend of 4.5p (3.5p) per share.
However, for the 2027 year he estimates £80.4m revenues, £5.6m profits, 16.3p earnings and 5.5p per share in dividend.
The 2028 trading year could show £86.1m of revenues, with £6.6m of profits, generating 19.2p of earnings per share and a 6.5p dividend.
He states that the strong balance sheet will allow investment to deliver further revenue and dividend growth.
My View
The group’s shares have risen 52% so far this year, which is why investors could well be nervous about where the shares will go after the Interims.
They may dip on the market reaction; however, my view is that risk-tolerant investors should hold tight at the current 190p.
(Profile 28.04.25 @ 85p set a Target Price of 100p*)
(Profile 19.01.26 @ 120p set a Target Price of 150p*)
(Profile 09.06.26 @ 142p set a Target Price of 170p*)
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