Numis Securities Ltd Raises Cybg Plc (CYBG) Price Target to GBX 250
Cybg Plc (LON:CYBG) had its price objective increased by Numis Securities Ltd from GBX 210 ($2.76) to GBX 250 ($3.29) in a research report sent to investors on Thursday, Marketbeat reports. Numis Securities Ltd currently has a sell rating on the stock.
A number of other brokerages also recently issued reports on CYBG. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 220 ($2.89) price target on shares of Cybg in a research report on Wednesday. Shore Capital reiterated a hold rating on shares of Cybg in a research report on Tuesday, November 21st. Shore Capital Group Limited reiterated a hold rating and set a GBX 345 ($4.54) price target on shares of Cybg in a research report on Thursday, November 2nd. Jefferies Group LLC lifted their price target on Cybg from GBX 254 ($3.34) to GBX 294 ($3.87) and gave the company a hold rating in a research report on Friday, November 10th. Finally, Royal Bank Of Canada reiterated an underperform rating and set a GBX 205 ($2.70) price target on shares of Cybg in a research report on Monday, September 4th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 278.70 ($3.67).
Cybg (LON:CYBG) opened at GBX 314.10 ($4.13) on Thursday. Cybg has a 12 month low of GBX 257.10 ($3.38) and a 12 month high of GBX 321.60 ($4.23).
In other news, insider Tim Wade acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average cost of GBX 321 ($4.22) per share, with a total value of £64,200 ($84,440.35). Over the last three months, insiders have purchased 20,147 shares of company stock worth $6,464,787.
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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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