Cybg (LON:CYBG) PT Raised to GBX 294

Cybg (LON:CYBG) had its price target increased by Jefferies Group from GBX 254 ($3.40) to GBX 294 ($3.94) in a report published on Friday, November 10th. The firm currently has a hold rating on the stock.

CYBG has been the subject of several other research reports. Royal Bank Of Canada reaffirmed an underperform rating and set a GBX 205 ($2.75) price target on shares of Cybg in a research note on Monday, September 4th. Citigroup reiterated a sell rating on shares of Cybg in a research report on Friday, July 21st. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 220 ($2.95) price objective on shares of Cybg in a research report on Tuesday, September 19th. Finally, Shore Capital restated a hold rating on shares of Cybg in a report on Tuesday, August 1st. Five research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Cybg currently has a consensus rating of Hold and a consensus price target of GBX 278.70 ($3.73).

Shares of Cybg (LON CYBG) traded down GBX 2.60 ($0.03) on Friday, hitting GBX 314.40 ($4.21). 2,532,265 shares of the stock were exchanged, compared to its average volume of 1,220,000. Cybg has a twelve month low of GBX 257.10 ($3.44) and a twelve month high of GBX 321.60 ($4.31).

The company also recently disclosed a dividend, which will be paid on Friday, February 16th. Stockholders of record on Thursday, January 18th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a dividend yield of 0.32%.

In other news, insider Debbie Crosbie acquired 159 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was acquired at an average price of GBX 313 ($4.19) per share, for a total transaction of £497.67 ($666.49). Also, insider Tim Wade acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average price of GBX 321 ($4.30) per share, with a total value of £64,200 ($85,978.30). In the last 90 days, insiders bought 20,306 shares of company stock valued at $6,514,554.

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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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