Cybg (LON:CYBG) was upgraded by analysts at Jefferies Group to a “buy” rating in a research note issued on Monday. The brokerage presently has a GBX 366 ($5.06) target price on the stock. Jefferies Group’s price target would indicate a potential upside of 17.38% from the company’s previous close.
A number of other research firms have also commented on CYBG. Berenberg Bank began coverage on shares of Cybg in a research note on Wednesday, January 17th. They issued a “buy” rating and a GBX 375 ($5.18) price objective on the stock. Deutsche Bank restated a “sell” rating and issued a GBX 281 ($3.88) price objective on shares of Cybg in a research note on Friday, January 26th. Shore Capital restated a “hold” rating on shares of Cybg in a research note on Friday, December 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 270 ($3.73) price objective on shares of Cybg in a research note on Thursday, February 1st. Finally, Numis Securities lifted their price objective on shares of Cybg from GBX 210 ($2.90) to GBX 250 ($3.45) and gave the company a “sell” rating in a research note on Thursday, November 23rd. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Cybg presently has a consensus rating of “Hold” and an average target price of GBX 305 ($4.21).
Cybg (LON:CYBG) opened at GBX 311.80 ($4.31) on Monday. The company has a market cap of $2,820.00 and a price-to-earnings ratio of 1,834.12. Cybg has a one year low of GBX 257.10 ($3.55) and a one year high of GBX 341.60 ($4.72).
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Cybg Company Profile
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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