Cybg (CYBG) Price Target Raised to GBX 230

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Cybg (LON:CYBG) had its price objective increased by Barclays from GBX 220 ($2.87) to GBX 230 ($3.01) in a research note released on Thursday morning. They currently have an underweight rating on the stock.

CYBG has been the topic of a number of other research reports. Credit Suisse Group raised Cybg to a neutral rating and reduced their target price for the company from GBX 285 ($3.72) to GBX 215 ($2.81) in a research note on Friday, November 23rd. UBS Group raised Cybg to a neutral rating and reduced their target price for the company from GBX 311 ($4.06) to GBX 273 ($3.57) in a research note on Thursday, October 25th. JPMorgan Chase & Co. reduced their target price on Cybg from GBX 220 ($2.87) to GBX 200 ($2.61) and set a neutral rating on the stock in a research note on Monday, January 21st. Shore Capital reaffirmed a hold rating on shares of Cybg in a research note on Thursday, October 11th. Finally, Deutsche Bank raised Cybg to a hold rating and reduced their target price for the company from GBX 248 ($3.24) to GBX 184 ($2.40) in a research note on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 270.50 ($3.53).

Shares of LON:CYBG opened at GBX 192.50 ($2.52) on Thursday. Cybg has a 12 month low of GBX 257.10 ($3.36) and a 12 month high of GBX 341.60 ($4.46).

The business also recently announced a dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 17th will be paid a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a yield of 1.5%. This is a positive change from Cybg’s previous dividend of $1.00.

In other Cybg news, insider Tim Wade purchased 30,000 shares of the business’s stock in a transaction on Monday, December 10th. The stock was bought at an average cost of GBX 184 ($2.40) per share, for a total transaction of £55,200 ($72,128.58). Also, insider David Duffy sold 77,075 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of GBX 182 ($2.38), for a total value of £140,276.50 ($183,296.09). In the last ninety days, insiders purchased 80,243 shares of company stock worth $15,565,135.

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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Analyst Recommendations for Cybg (LON:CYBG)

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