Cybg Plc (CYBG) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Cybg Plc (LON:CYBG) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 271.33 ($3.65).
A number of analysts recently commented on CYBG shares. Royal Bank of Canada reaffirmed an “underperform” rating and issued a GBX 205 ($2.76) target price on shares of Cybg in a research report on Monday, September 4th. Jefferies Group boosted their price objective on Cybg from GBX 254 ($3.42) to GBX 294 ($3.96) and gave the stock a “hold” rating in a report on Friday, November 10th. Shore Capital reissued a “hold” rating and set a GBX 345 ($4.64) price objective on shares of Cybg in a report on Thursday, November 2nd. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 220 ($2.96) price objective on shares of Cybg in a report on Tuesday, September 19th. Finally, Numis Securities boosted their price objective on Cybg from GBX 210 ($2.83) to GBX 250 ($3.36) and gave the stock a “sell” rating in a report on Thursday, November 23rd.
In other Cybg news, insider Debbie Crosbie bought 159 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of GBX 313 ($4.21) per share, for a total transaction of £497.67 ($669.81). Also, insider Tim Wade bought 20,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of GBX 321 ($4.32) per share, for a total transaction of £64,200 ($86,406.46). Insiders bought a total of 20,302 shares of company stock worth $6,514,655 in the last 90 days.
The business also recently disclosed a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.32%. The ex-dividend date is Thursday, January 18th.
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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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