Deutsche Bank Reaffirms “Sell” Rating for Cybg (CYBG)

Cybg (LON:CYBG)‘s stock had its “sell” rating reiterated by equities research analysts at Deutsche Bank in a report issued on Monday. They currently have a GBX 281 ($3.95) price objective on the stock. Deutsche Bank’s price objective would suggest a potential downside of 10.45% from the stock’s current price.

A number of other analysts have also commented on CYBG. Shore Capital reiterated a “hold” rating and set a GBX 345 ($4.84) price target on shares of Cybg in a report on Thursday, November 2nd. Jefferies Group lifted their price target on Cybg from GBX 254 ($3.57) to GBX 294 ($4.13) and gave the stock a “hold” rating in a report on Friday, November 10th. Numis Securities reiterated a “sell” rating and set a GBX 210 ($2.95) price target on shares of Cybg in a report on Thursday, November 2nd. Shore Capital Group reiterated a “hold” rating and set a GBX 345 ($4.84) price target on shares of Cybg in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 220 ($3.09) price target on shares of Cybg in a report on Wednesday, November 22nd. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 291.08 ($4.09).

Shares of Cybg (CYBG) traded down GBX 3.20 ($0.04) during trading on Monday, reaching GBX 313.80 ($4.41). The company had a trading volume of 935,894 shares, compared to its average volume of 1,110,000. The company has a market capitalization of $2,780.00 and a price-to-earnings ratio of 1,845.88. Cybg has a 1-year low of GBX 257.10 ($3.61) and a 1-year high of GBX 341.60 ($4.80).

In related news, insider Debbie Crosbie purchased 159 shares of Cybg stock in a transaction dated Friday, November 24th. The stock was bought at an average cost of GBX 313 ($4.40) per share, for a total transaction of £497.67 ($698.88). Also, insider Ian S. Smith sold 8,510 shares of Cybg stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of GBX 337 ($4.73), for a total value of £28,678.70 ($40,273.42). Insiders acquired 20,298 shares of company stock valued at $6,514,922 over the last three months.

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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.

Analyst Recommendations for Cybg (LON:CYBG)

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