Cybg (CYBG) Rating Reiterated by Deutsche Bank
Several other research analysts have also recently commented on the stock. Jefferies Group increased their target price on shares of Cybg from GBX 254 ($3.56) to GBX 294 ($4.12) and gave the stock a hold rating in a report on Friday, November 10th. Shore Capital restated a hold rating on shares of Cybg in a report on Friday, December 8th. Citigroup restated a sell rating on shares of Cybg in a report on Wednesday, December 6th. JPMorgan Chase & Co. restated an underweight rating and set a GBX 220 ($3.08) target price on shares of Cybg in a report on Wednesday, November 22nd. Finally, Numis Securities increased their target price on shares of Cybg from GBX 210 ($2.94) to GBX 250 ($3.51) and gave the stock a sell rating in a report on Thursday, November 23rd. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 291.08 ($4.08).
Cybg (LON:CYBG) opened at GBX 307 ($4.30) on Monday. Cybg has a 1-year low of GBX 257.10 ($3.60) and a 1-year high of GBX 341.60 ($4.79). The firm has a market cap of $2,740.00 and a P/E ratio of 1,805.88.
In other Cybg news, insider Ian S. Smith sold 8,510 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of GBX 337 ($4.73), for a total value of £28,678.70 ($40,211.30). Also, insider Debbie Crosbie purchased 159 shares of the business’s stock in a transaction on Friday, November 24th. The stock was purchased at an average price of GBX 313 ($4.39) per share, with a total value of £497.67 ($697.80). In the last quarter, insiders acquired 20,298 shares of company stock valued at $6,514,922.
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Cybg Company Profile
CYBG PLC is a United Kingdom-based company, which intends to be the holding company for CYB Investments Limited (CYBI) and Clydesdale Bank PLC (Clydesdale Bank). The Company will own National Australia Bank Limited’s Clydesdale and Yorkshire Bank operations (the Clydesdale Bank business). Clydesdale Bank provides the United Kingdom retail and small and medium enterprises (SME) banking services.
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