Cybg (LON:CYBG) Upgraded to “Buy” by Jefferies Group

Jefferies Group upgraded shares of Cybg (LON:CYBG) to a buy rating in a report issued on Monday, March 12th. The brokerage currently has GBX 366 ($5.06) target price on the stock.

Several other analysts have also commented on CYBG. Shore Capital restated a hold rating on shares of Cybg in a report on Tuesday, November 21st. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 220 ($3.04) price objective on shares of Cybg in a report on Wednesday, November 22nd. Numis Securities raised their price objective on shares of Cybg from GBX 210 ($2.90) to GBX 250 ($3.45) and gave the stock a sell rating in a report on Thursday, November 23rd. Citigroup restated a sell rating on shares of Cybg in a report on Wednesday, December 6th. Finally, Deutsche Bank started coverage on shares of Cybg in a report on Wednesday, January 10th. They issued a sell rating and a GBX 291 ($4.02) price objective for the company. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Cybg presently has an average rating of Hold and a consensus price target of GBX 305 ($4.21).

Shares of CYBG stock opened at GBX 306.60 ($4.24) on Monday. Cybg has a 52-week low of GBX 257.10 ($3.55) and a 52-week high of GBX 341.60 ($4.72). The firm has a market cap of $2,700.00 and a P/E ratio of 1,803.53.

In other Cybg news, insider Ian S. Smith sold 8,510 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of GBX 337 ($4.66), for a total transaction of £28,678.70 ($39,622.41). Insiders have acquired 194 shares of company stock valued at $61,078 in the last ninety days.

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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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