Cybg Plc (CYBG) Receives GBX 313.75 Average Target Price from Analysts
Cybg Plc (LON:CYBG) has earned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 313.75 ($4.10).
Several research analysts recently issued reports on the company. Berenberg Bank lowered Cybg to a “hold” rating and set a GBX 350 ($4.57) target price for the company. in a research report on Monday, September 17th. UBS Group assumed coverage on Cybg in a research report on Tuesday, October 2nd. They set a “sell” rating and a GBX 311 ($4.06) target price for the company. Shore Capital reaffirmed a “hold” rating on shares of Cybg in a research report on Thursday, October 11th. Finally, JPMorgan Chase & Co. raised Cybg to a “neutral” rating and raised their target price for the stock from GBX 270 ($3.53) to GBX 310 ($4.05) in a research report on Thursday, June 21st.
LON:CYBG traded up GBX 7.60 ($0.10) during trading hours on Friday, hitting GBX 272 ($3.55). 4,355,064 shares of the company were exchanged, compared to its average volume of 1,690,000. Cybg has a one year low of GBX 257.10 ($3.36) and a one year high of GBX 341.60 ($4.46).
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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