Cybg Plc (LON:CYBG)‘s stock had its “underperform” rating restated by analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a GBX 200 ($2.61) target price on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 26.98% from the company’s previous close.
A number of other research firms have also commented on CYBG. Numis Securities Ltd initiated coverage on Cybg Plc in a report on Wednesday, September 28th. They issued a “reduce” rating and a GBX 210 ($2.74) target price for the company. Jefferies Group started coverage on Cybg Plc in a report on Monday. They issued an “underperform” rating and a GBX 205 ($2.68) price objective for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 200 ($2.61) price objective on shares of Cybg Plc in a report on Monday, August 1st. Citigroup Inc. reaffirmed a “sell” rating on shares of Cybg Plc in a report on Monday, September 12th. Finally, Goldman Sachs Group Inc. started coverage on Cybg Plc in a report on Tuesday, September 27th. They issued a “neutral” rating and a GBX 250 ($3.26) price objective for the company. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Sell” and a consensus price target of GBX 226.43 ($2.96).
Cybg Plc (LON:CYBG) opened at 273.90 on Tuesday. Cybg Plc has a 52 week low of GBX 179.00 and a 52 week high of GBX 297.40. The firm has a 50-day moving average price of GBX 263.43 and a 200-day moving average price of GBX 246.79. The company’s market capitalization is GBX 2.41 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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