Cybg (CYBG) Upgraded to Sector Performer at Royal Bank of Canada
Royal Bank of Canada upgraded shares of Cybg (LON:CYBG) to a sector performer rating in a research note published on Wednesday morning. They currently have GBX 300 ($4.14) price objective on the stock, up from their prior price objective of GBX 240 ($3.32).
Several other research firms have also weighed in on CYBG. Berenberg Bank assumed coverage on shares of Cybg in a research note on Wednesday, January 17th. They set a buy rating and a GBX 375 ($5.18) price objective on the stock. Deutsche Bank reiterated a sell rating and issued a GBX 281 ($3.88) price target on shares of Cybg in a research note on Friday, January 26th. Shore Capital reiterated a hold rating on shares of Cybg in a research note on Friday, December 8th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 270 ($3.73) price target on shares of Cybg in a research note on Thursday, February 1st. Finally, Numis Securities upped their price target on shares of Cybg from GBX 210 ($2.90) to GBX 250 ($3.45) and gave the company a sell rating in a research note on Thursday, November 23rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 299 ($4.13).
Cybg (LON CYBG) traded down GBX 3 ($0.04) during trading on Wednesday, hitting GBX 305.20 ($4.22). The stock had a trading volume of 635,528 shares, compared to its average volume of 1,350,000. The stock has a market capitalization of $2,700.00 and a PE ratio of 1,795.29. Cybg has a 1-year low of GBX 257.10 ($3.55) and a 1-year high of GBX 341.60 ($4.72).
In other Cybg news, insider Ian S. Smith sold 8,510 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of GBX 337 ($4.66), for a total value of £28,678.70 ($39,622.41). Also, insider Tim Wade acquired 20,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average cost of GBX 321 ($4.43) per share, with a total value of £64,200 ($88,698.54). In the last quarter, insiders purchased 20,298 shares of company stock worth $6,514,922.
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Cybg 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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