Cybg Plc’s (CYBG) Reduce Rating Reiterated at Numis Securities Ltd
Cybg Plc (LON:CYBG)‘s stock had its “reduce” rating restated by investment analysts at Numis Securities Ltd in a research note issued to investors on Tuesday. They presently have a GBX 210 ($2.62) target price on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 28.74% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 200 ($2.50) price objective on shares of Cybg Plc in a report on Tuesday, October 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 200 ($2.50) price objective on shares of Cybg Plc in a report on Monday, September 12th. Macquarie reiterated a “neutral” rating and issued a GBX 265 ($3.31) price objective on shares of Cybg Plc in a report on Thursday, October 27th. Goldman Sachs Group Inc. began coverage on shares of Cybg Plc in a report on Tuesday, September 27th. They issued a “neutral” rating and a GBX 250 ($3.12) price objective for the company. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Cybg Plc in a report on Monday, September 12th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 227.14 ($2.84).
Cybg Plc (LON:CYBG) opened at 284.80 on Tuesday. The firm’s market capitalization is GBX 2.51 billion. Cybg Plc has a 1-year low of GBX 179.00 and a 1-year high of GBX 306.90. The company has a 50-day moving average price of GBX 276.22 and a 200-day moving average price of GBX 260.02.
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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