Numis Securities Ltd began coverage on shares of Cybg Plc (LON:CYBG) in a report released on Wednesday morning. The brokerage issued a reduce rating and a GBX 210 ($2.74) price objective on the stock.
Several other equities analysts have also weighed in on CYBG. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 200 ($2.61) price objective on shares of Cybg Plc in a research note on Monday, June 27th. Royal Bank Of Canada raised their target price on Cybg Plc from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the company an underperform rating in a report on Monday, August 15th. Citigroup Inc. reiterated a sell rating on shares of Cybg Plc in a report on Monday, September 12th. Finally, Goldman Sachs Group Inc. initiated coverage on Cybg Plc in a report on Tuesday, September 27th. They set a neutral rating and a GBX 250 ($3.26) target price on the stock. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Cybg Plc currently has a consensus rating of Sell and an average target price of GBX 226.43 ($2.96).
Shares of Cybg Plc (LON:CYBG) opened at 276.90 on Wednesday. The firm’s market capitalization is GBX 2.44 billion. Cybg Plc has a 12-month low of GBX 179.00 and a 12-month high of GBX 297.40. The stock has a 50 day moving average price of GBX 263.26 and a 200 day moving average price of GBX 245.87.
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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