Cybg Plc (CYBG) Now Covered by Jefferies Group
Investment analysts at Jefferies Group assumed coverage on shares of Cybg Plc (LON:CYBG) in a research report issued on Monday. The firm set an “underperform” rating and a GBX 205 ($2.68) price target on the stock. Jefferies Group’s target price points to a potential downside of 22.82% from the company’s previous close.
Several other research firms have also recently issued reports on CYBG. Numis Securities Ltd began coverage on Cybg Plc in a report on Wednesday, September 28th. They issued a “reduce” rating and a GBX 210 ($2.74) price target on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 200 ($2.61) target price on shares of Cybg Plc in a research note on Monday, August 1st. Citigroup Inc. reissued a “sell” rating on shares of Cybg Plc in a research note on Monday, September 12th. Royal Bank Of Canada cut their target price on Cybg Plc from GBX 210 ($2.74) to GBX 200 ($2.61) and set an “underperform” rating on the stock in a research note on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. began coverage on Cybg Plc in a research note on Tuesday, September 27th. They issued a “neutral” rating and a GBX 250 ($3.26) target price on the stock. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Cybg Plc has an average rating of “Sell” and an average target price of GBX 226.43 ($2.96).
Shares of Cybg Plc (LON:CYBG) opened at 265.552338 on Monday. The company has a 50 day moving average price of GBX 262.99 and a 200 day moving average price of GBX 244.84. Cybg Plc has a 52 week low of GBX 179.00 and a 52 week high of GBX 297.40. The company’s market cap is GBX 2.34 billion.
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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