Goldman Sachs Group Inc. initiated coverage on shares of Cybg Plc (LON:CYBG) in a report issued on Tuesday morning. The brokerage issued a neutral rating and a GBX 250 ($3.26) target price on the stock.
CYBG has been the topic of several other reports. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 200 ($2.61) price objective on shares of Cybg Plc in a report on Monday, June 27th. Royal Bank Of Canada upped their price objective on shares of Cybg Plc from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the company an underperform rating in a report on Monday, August 15th. Finally, Citigroup Inc. reiterated a sell rating on shares of Cybg Plc in a report on Monday, September 12th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 230 ($3.00).
Shares of Cybg Plc (LON:CYBG) opened at 261.10 on Tuesday. Cybg Plc has a one year low of GBX 179.00 and a one year high of GBX 297.40. The firm has a 50-day moving average of GBX 262.77 and a 200-day moving average of GBX 244.17. The company’s market capitalization is GBX 2.30 billion.
About Cybg Plc
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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