CYBG (LON:CYBG) had its price objective lowered by analysts at Deutsche Bank from GBX 264 ($3.78) to GBX 248 ($3.55) in a research note issued to investors on Thursday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price objective would indicate a potential downside of 15.70% from the stock’s current price.
Several other research analysts also recently commented on the stock. Royal Bank of Canada upgraded shares of CYBG to a “sector performer” rating and lifted their target price for the stock from GBX 240 ($3.44) to GBX 300 ($4.30) in a report on Wednesday, February 14th. Jefferies Group upgraded shares of CYBG to a “buy” rating and set a GBX 366 ($5.24) target price on the stock in a report on Monday, March 12th. Shore Capital reiterated a “hold” rating on shares of CYBG in a report on Tuesday, January 30th. JPMorgan Chase reiterated an “underweight” rating and issued a GBX 270 ($3.87) target price on shares of CYBG in a report on Thursday, February 1st. Finally, Berenberg Bank initiated coverage on shares of CYBG in a report on Wednesday, January 17th. They issued a “buy” rating and a GBX 375 ($5.37) target price on the stock. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 300.92 ($4.31).
Shares of CYBG opened at GBX 294.20 ($4.21) on Thursday. CYBG has a one year low of GBX 257.10 ($3.68) and a one year high of GBX 341.60 ($4.89).
CYBG PLC, through its subsidiaries, provides retail and business banking products and services to individuals and businesses under the Clydesdale Bank, Yorkshire Bank, and B brands in the United Kingdom. The company 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, invoice finance, and financing capital equipment purchases.
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