Citigroup reissued their buy rating on shares of Cybg (LON:CYBG) in a research note issued to investors on Monday morning, Digital Look reports. Citigroup currently has a GBX 230 ($3.01) target price on the stock.
A number of other research firms have also issued reports on CYBG. Jefferies Financial Group lowered their target price on Cybg from GBX 366 ($4.78) to GBX 285 ($3.72) and set a buy rating on the stock in a report on Tuesday, April 9th. Shore Capital reaffirmed a buy rating and issued a GBX 320 ($4.18) target price on shares of Cybg in a report on Wednesday, February 6th. UBS Group lowered their target price on Cybg from GBX 210 ($2.74) to GBX 200 ($2.61) and set a neutral rating on the stock in a report on Monday, February 11th. Deutsche Bank raised Cybg to a hold rating and lowered their target price for the company from GBX 248 ($3.24) to GBX 184 ($2.40) in a report on Tuesday, February 5th. Finally, Barclays raised Cybg to an equal weight rating and lowered their target price for the company from GBX 230 ($3.01) to GBX 220 ($2.87) in a report on Thursday, March 28th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 244.27 ($3.19).
CYBG opened at GBX 215.30 ($2.81) on Monday. The company has a market capitalization of $3.08 billion and a price-to-earnings ratio of -10.93. Cybg has a 12-month low of GBX 172.10 ($2.25) and a 12-month high of GBX 367 ($4.80).
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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