Cybg (CYBG) Receives Neutral Rating from UBS Group
UBS Group reiterated their neutral rating on shares of Cybg (LON:CYBG) in a report published on Monday morning, investing.thisismoney.co.uk reports.
A number of other research analysts also recently issued reports on CYBG. Berenberg Bank downgraded Cybg to a hold rating and set a GBX 350 ($4.57) price objective on the stock. in a research note on Monday, September 17th. Shore Capital reissued a hold rating on shares of Cybg in a research note on Thursday, October 4th. Barclays initiated coverage on Cybg in a research note on Tuesday, October 23rd. They issued an underweight rating and a GBX 280 ($3.66) price objective on the stock. Credit Suisse Group raised Cybg to a neutral rating and dropped their price objective for the company from GBX 285 ($3.72) to GBX 215 ($2.81) in a research note on Friday, November 23rd. Finally, JPMorgan Chase & Co. raised Cybg to a neutral rating and dropped their price objective for the company from GBX 310 ($4.05) to GBX 220 ($2.87) in a research note on Tuesday, December 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 277.70 ($3.63).
LON CYBG opened at GBX 188.40 ($2.46) on Monday. Cybg has a 12 month low of GBX 257.10 ($3.36) and a 12 month high of GBX 341.60 ($4.46).
In other news, insider Jim Pettigrew purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 22nd. The shares were acquired at an average cost of GBX 200 ($2.61) per share, with a total value of £100,000 ($130,667.71). Also, insider Tim Wade purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 10th. The shares were purchased at an average cost of GBX 184 ($2.40) per share, for a total transaction of £55,200 ($72,128.58). Insiders bought a total of 80,211 shares of company stock worth $15,565,043 over the last three months.
Cybg Company Profile
CYBG PLC, through its subsidiaries, provides retail and business banking products and services to individuals and businesses under the Clydesdale Bank, Yorkshire Bank, B, and Virgin Money brands in the United Kingdom. It operates through SME Banking and Retail Banking segments. The SME Banking segment offers a range of banking products and services, including business current accounts; and secured and unsecured term loans, business overdrafts, and invoice and asset financing products and services.
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