Cybg (LON:CYBG) Earns “Buy” Rating from Shore Capital

Cybg (LON:CYBG)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a report released on Friday, LSE.Co.UK reports.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their price objective on Cybg from GBX 200 ($2.61) to GBX 150 ($1.96) and set a “neutral” rating on the stock in a research report on Friday, September 6th. Morgan Stanley raised their price target on Cybg from GBX 200 ($2.61) to GBX 205 ($2.68) and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Deutsche Bank reduced their price target on Cybg from GBX 220 ($2.87) to GBX 180 ($2.35) and set a “hold” rating on the stock in a research report on Friday, September 6th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 210 ($2.74) price target (down from GBX 250 ($3.27)) on shares of Cybg in a research report on Thursday, August 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 341 ($4.46) price target on shares of Cybg in a research report on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cybg presently has a consensus rating of “Hold” and an average target price of GBX 223.54 ($2.92).

CYBG traded up GBX 8.45 ($0.11) during mid-day trading on Friday, reaching GBX 131.50 ($1.72). The stock had a trading volume of 5,922,867 shares, compared to its average volume of 1,690,000. The stock has a market capitalization of $1.89 billion and a P/E ratio of -18.52. The firm’s fifty day simple moving average is GBX 157.64 and its two-hundred day simple moving average is GBX 186.88. Cybg has a 52 week low of GBX 131.45 ($1.72) and a 52 week high of GBX 340 ($4.44).

In other news, insider David Duffy sold 184,681 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of GBX 148 ($1.93), for a total value of £273,327.88 ($357,151.29). Insiders bought a total of 271 shares of company stock worth $45,017 over the last 90 days.

Cybg Company Profile

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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