Cybg Plc (CYBG) Receives GBX 283.63 Average PT from Analysts
Shares of Cybg Plc (LON:CYBG) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 283.63 ($3.71).
Several analysts have recently weighed in on the company. Berenberg Bank lowered Cybg to a “hold” rating and set a GBX 350 ($4.57) price objective on the stock. in a report on Monday, September 17th. Shore Capital reissued a “hold” rating on shares of Cybg in a report on Thursday, October 4th. UBS Group assumed coverage on Cybg in a report on Tuesday, October 2nd. They set a “sell” rating and a GBX 311 ($4.06) price objective on the stock. Barclays assumed coverage on Cybg in a report on Tuesday, October 23rd. They set an “underweight” rating and a GBX 280 ($3.66) price objective on the stock. Finally, Credit Suisse Group raised Cybg to a “neutral” rating and decreased their price objective for the stock from GBX 285 ($3.72) to GBX 215 ($2.81) in a report on Friday, November 23rd.
CYBG traded down GBX 9.20 ($0.12) during midday trading on Friday, reaching GBX 186.90 ($2.44). The company’s stock had a trading volume of 2,745,403 shares, compared to its average volume of 1,690,000. Cybg has a twelve month low of GBX 257.10 ($3.36) and a twelve month high of GBX 341.60 ($4.46).
In related news, insider Jim Pettigrew bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 22nd. The stock was acquired at an average price of GBX 200 ($2.61) per share, for a total transaction of £100,000 ($130,667.71). Insiders have bought a total of 50,174 shares of company stock worth $10,045,057 in the last three months.
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, 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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