Brokerages Set Cybg Plc (LON:CYBG) Target Price at $224.00
Cybg Plc (LON:CYBG) has been given an average rating of “Hold” by the six analysts that are presently covering the company. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 224 ($2.92).
CYBG has been the topic of a number of research analyst reports. Citigroup Inc. reaffirmed a “sell” rating on shares of Cybg Plc in a report on Monday, September 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 200 ($2.61) target price on shares of Cybg Plc in a report on Monday, June 27th. Royal Bank Of Canada raised their target price on Cybg Plc from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the company an “underperform” rating in a report on Monday, August 15th. Numis Securities Ltd initiated coverage on Cybg Plc in a report on Wednesday. They issued a “reduce” rating and a GBX 210 ($2.74) target price on the stock. Finally, Goldman Sachs Group Inc. initiated coverage on Cybg Plc in a research report on Tuesday. They issued a “neutral” rating and a GBX 250 ($3.26) price objective for the company.
Shares of Cybg Plc (LON:CYBG) opened at 265.60 on Wednesday. The firm’s market cap is GBX 2.34 billion. Cybg Plc has a 12-month low of GBX 179.00 and a 12-month high of GBX 297.40. The firm has a 50-day moving average price of GBX 262.76 and a 200-day moving average price of GBX 244.81.
About Cybg Plc
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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