Investec Downgrades Cybg (CYBG) to Hold

Cybg (LON:CYBG) was downgraded by investment analysts at Investec to a “hold” rating in a research report issued on Monday, Digital Look reports. They presently have a GBX 230 ($3.01) price target on the stock. Investec’s price target would suggest a potential upside of 8.18% from the company’s previous close.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Cybg from GBX 220 ($2.87) to GBX 200 ($2.61) and set a “neutral” rating on the stock in a report on Monday, January 21st. Goldman Sachs Group upped their price target on shares of Cybg from GBX 235 ($3.07) to GBX 260 ($3.40) and gave the company a “neutral” rating in a report on Tuesday, March 12th. Deutsche Bank raised shares of Cybg to a “hold” rating and lowered their price target for the company from GBX 248 ($3.24) to GBX 184 ($2.40) in a report on Tuesday, February 5th. Shore Capital reaffirmed a “buy” rating and issued a GBX 320 ($4.18) price target on shares of Cybg in a report on Wednesday, February 6th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Cybg in a report on Monday, January 7th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 244.27 ($3.19).

Shares of CYBG opened at GBX 212.60 ($2.78) on Monday. The firm has a market cap of $3.06 billion and a PE ratio of -10.79. Cybg has a 1-year low of GBX 172.10 ($2.25) and a 1-year high of GBX 367 ($4.80).

In other Cybg news, insider David Duffy sold 184,681 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of GBX 187 ($2.44), for a total value of £345,353.47 ($451,265.48).

About Cybg

CYBG PLC, through its subsidiaries, provides retail and business banking products and services to individuals and businesses under the Clydesdale Bank, Yorkshire Bank, B, and Virgin Money brands in the United Kingdom. It operates through SME Banking and Retail Banking segments. The SME Banking segment offers a range of banking products and services, including business current accounts; and secured and unsecured term loans, business overdrafts, and invoice and asset financing products and services.

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Analyst Recommendations for Cybg (LON:CYBG)

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