Cybg Plc (CYBG) Now Covered by Jefferies Group
Stock analysts at Jefferies Group assumed coverage on shares of Cybg Plc (LON:CYBG) in a research note issued to investors on Monday. The brokerage set an “underperform” rating and a GBX 205 ($2.68) price target on the stock. Jefferies Group’s target price would indicate a potential downside of 25.02% from the company’s previous close.
Several other analysts also recently issued reports on CYBG. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 200 ($2.61) target price on shares of Cybg Plc in a research note on Monday, September 12th. Royal Bank Of Canada decreased their target price on Cybg Plc from GBX 210 ($2.74) to GBX 200 ($2.61) and set an “underperform” rating on the stock in a research note on Wednesday, September 14th. Goldman Sachs Group Inc. began coverage on Cybg Plc in a report on Tuesday, September 27th. They set a “neutral” rating and a GBX 250 ($3.26) price target for the company. Numis Securities Ltd began coverage on Cybg Plc in a report on Wednesday, September 28th. They set a “reduce” rating and a GBX 210 ($2.74) price target for the company. Finally, Citigroup Inc. restated a “sell” rating on shares of Cybg Plc in a report on Friday, September 23rd. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Cybg Plc presently has an average rating of “Sell” and an average target price of GBX 226.43 ($2.96).
Shares of Cybg Plc (LON:CYBG) opened at 272.20 on Monday. Cybg Plc has a 1-year low of GBX 179.00 and a 1-year high of GBX 297.40. The company’s market capitalization is GBX 2.40 billion. The stock’s 50 day moving average price is GBX 263.33 and its 200-day moving average price is GBX 246.33.
Cybg Plc 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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