Goldman Sachs Group Inc. Reiterates Neutral Rating for Cybg Plc (CYBG)
Cybg Plc (LON:CYBG)‘s stock had its “neutral” rating restated by investment analysts at Goldman Sachs Group Inc. in a research note issued to investors on Tuesday. They currently have a GBX 250 ($3.12) target price on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 14.12% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of Cybg Plc from GBX 200 ($2.50) to GBX 210 ($2.62) and gave the company an “underperform” rating in a research report on Monday, August 15th. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 210 ($2.62) price objective on shares of Cybg Plc in a research report on Wednesday, October 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 200 ($2.50) price objective on shares of Cybg Plc in a research report on Monday, August 1st. Credit Suisse Group AG reiterated an “outperform” rating on shares of Cybg Plc in a research report on Tuesday, October 25th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Cybg Plc in a research report on Friday, September 23rd. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 227.14 ($2.84).
Cybg Plc (LON:CYBG) opened at 289.10 on Tuesday. The stock’s market cap is GBX 2.55 billion. The company has a 50-day moving average price of GBX 273.09 and a 200 day moving average price of GBX 258.66. Cybg Plc has a 52-week low of GBX 179.00 and a 52-week high of GBX 306.90.
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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