Cybg Plc’s (CYBG) “Underperform” Rating Reiterated at Royal Bank Of Canada
Cybg Plc (LON:CYBG)‘s stock had its “underperform” rating restated by analysts at Royal Bank Of Canada in a report released on Tuesday. They currently have a GBX 200 ($2.61) price target on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 23.69% from the stock’s current price.
A number of other equities analysts also recently issued reports on CYBG. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 200 ($2.61) target price on shares of Cybg Plc in a research note on Monday, September 12th. Goldman Sachs Group Inc. assumed coverage on Cybg Plc in a research note on Tuesday, September 27th. They set a “neutral” rating and a GBX 250 ($3.26) target price for the company. Citigroup Inc. reissued a “sell” rating on shares of Cybg Plc in a research note on Friday, September 23rd. Numis Securities Ltd assumed coverage on Cybg Plc in a research note on Wednesday, September 28th. They set a “reduce” rating and a GBX 210 ($2.74) target price for the company. Finally, Jefferies Group assumed coverage on Cybg Plc in a research note on Monday, October 3rd. They set an “underperform” rating and a GBX 205 ($2.68) target price for the company. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Sell” and a consensus price target of GBX 226.43 ($2.96).
Shares of Cybg Plc (LON:CYBG) traded down 3.60% during trading on Tuesday, reaching GBX 262.10. The company had a trading volume of 2,741,419 shares. The firm’s market capitalization is GBX 2.31 billion. The firm’s 50 day moving average price is GBX 263.96 and its 200 day moving average price is GBX 247.07. Cybg Plc has a 12 month low of GBX 179.00 and a 12 month high of GBX 297.40.
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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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