Cybg (LON:CYBG) had its target price cut by investment analysts at Deutsche Bank from GBX 215 ($2.81) to GBX 214 ($2.80) in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 7.59% from the company’s previous close.
CYBG has been the topic of a number of other research reports. Investec cut shares of Cybg to a “hold” rating and set a GBX 230 ($3.01) price objective on the stock. in a research report on Monday, April 15th. Royal Bank of Canada cut their price objective on shares of from GBX 80 ($1.05) to GBX 75 ($0.98) and set an “outperform” rating on the stock in a research report on Thursday, June 20th. Goldman Sachs Group upgraded shares of Lenovo Group from a “neutral” rating to a “buy” rating in a research report on Thursday, May 23rd. They noted that the move was a valuation call. Shore Capital reiterated a “hold” rating on shares of in a research report on Wednesday, June 19th. Finally, Citigroup boosted their price objective on shares of from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the company a “buy” rating in a research report on Friday, June 21st. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 243.46 ($3.18).
CYBG stock opened at GBX 198.90 ($2.60) on Friday. Cybg has a twelve month low of GBX 172.10 ($2.25) and a twelve month high of GBX 367 ($4.80). The company has a market capitalization of $2.85 billion and a PE ratio of -28.01. The company’s fifty day moving average price is GBX 189.21.
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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