Goldman Sachs Group Inc. initiated coverage on shares of Cybg Plc (LON:CYBG) in a report released on Tuesday. The brokerage set a “neutral” rating and a GBX 250 ($3.26) price target on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential downside of 3.51% from the stock’s previous close.
A number of other research firms have also recently commented on CYBG. Citigroup Inc. reissued a “sell” rating on shares of Cybg Plc in a research note on Monday, September 12th. 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, June 27th. Finally, Royal Bank Of Canada increased their target price on Cybg Plc from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the stock an “underperform” rating in a research note on Monday, August 15th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. Cybg Plc currently has an average rating of “Hold” and a consensus target price of GBX 230 ($3.00).
Shares of Cybg Plc (LON:CYBG) opened at 259.10 on Tuesday. The company has a 50-day moving average price of GBX 262.69 and a 200-day moving average price of GBX 244.54. Cybg Plc has a 52 week low of GBX 179.00 and a 52 week high of GBX 297.40. The company’s market capitalization is GBX 2284.05 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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