Cybg (CYBG) Receives New Coverage from Analysts at Deutsche Bank

Investment analysts at Deutsche Bank began coverage on shares of Cybg (LON:CYBG) in a report issued on Wednesday. The brokerage set a “sell” rating and a GBX 291 ($3.95) price target on the stock. Deutsche Bank’s target price points to a potential downside of 11.17% from the stock’s previous close.

Several other research firms also recently commented on CYBG. Shore Capital reaffirmed a “hold” rating on shares of Cybg in a research note on Friday, December 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 220 ($2.98) target price on shares of Cybg in a research report on Wednesday, November 22nd. Numis Securities boosted their target price on Cybg from GBX 210 ($2.85) to GBX 250 ($3.39) and gave the stock a “sell” rating in a research report on Thursday, November 23rd. Citigroup reiterated a “sell” rating on shares of Cybg in a research report on Wednesday, December 6th. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 294 ($3.99) target price on shares of Cybg in a research report on Friday, December 1st. Six investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 279.82 ($3.79).

Shares of Cybg (LON CYBG) opened at GBX 327.60 ($4.44) on Wednesday. The company has a market capitalization of $2,910.00 and a P/E ratio of 1,927.06. Cybg has a one year low of GBX 257.10 ($3.49) and a one year high of GBX 341.60 ($4.63).

In other Cybg news, insider Tim Wade bought 20,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average price of GBX 321 ($4.35) per share, for a total transaction of £64,200 ($87,062.65). Also, insider Ian S. Smith sold 8,510 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of GBX 337 ($4.57), for a total value of £28,678.70 ($38,891.65). Insiders have acquired a total of 20,298 shares of company stock worth $6,514,687 in the last quarter.

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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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