Cybg (CYBG) Upgraded at Deutsche Bank

Cybg (LON:CYBG) was upgraded by analysts at Deutsche Bank to a “hold” rating in a research note issued to investors on Tuesday, February 5th. The firm currently has a GBX 184 ($2.40) price objective on the stock, down from their previous price objective of GBX 248 ($3.24). Deutsche Bank’s price target would suggest a potential downside of 7.77% from the stock’s current price.

A number of other research firms have also recently weighed in on CYBG. Barclays cut their price target on Cybg from GBX 280 ($3.66) to GBX 240 ($3.14) and set an “underweight” rating on the stock in a research note on Wednesday, November 21st. Credit Suisse Group upgraded Cybg to a “neutral” rating and cut their target price for the stock from GBX 285 ($3.72) to GBX 215 ($2.81) in a research report on Friday, November 23rd. Shore Capital reiterated a “hold” rating on shares of Cybg in a research report on Monday, November 19th. UBS Group dropped their price target on Cybg from GBX 273 ($3.57) to GBX 210 ($2.74) and set a “neutral” rating on the stock in a research report on Friday, November 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Cybg from GBX 220 ($2.87) to GBX 200 ($2.61) and set a “neutral” rating on the stock in a research report on Monday, January 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 265.33 ($3.47).

LON:CYBG traded up GBX 3.10 ($0.04) during midday trading on Tuesday, reaching GBX 199.50 ($2.61). The company had a trading volume of 1,806,851 shares, compared to its average volume of 1,690,000. Cybg has a 12-month low of GBX 257.10 ($3.36) and a 12-month high of GBX 341.60 ($4.46).

In other Cybg news, insider Tim Wade purchased 30,000 shares of the business’s stock in a transaction on Monday, December 10th. The stock was bought at an average cost of GBX 184 ($2.40) per share, for a total transaction of £55,200 ($72,128.58). Also, insider David Duffy sold 77,075 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of GBX 182 ($2.38), for a total value of £140,276.50 ($183,296.09). Insiders have purchased a total of 30,243 shares of company stock valued at $5,565,135 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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