Shore Capital reissued their hold rating on shares of Cybg (LON:CYBG) in a research report sent to investors on Tuesday, November 21st.
Other analysts have also issued research reports about the stock. Jefferies Group raised their target price on shares of Cybg from GBX 254 ($3.42) to GBX 294 ($3.96) and gave the stock a hold rating in a research report on Friday, November 10th. Shore Capital Group restated a hold rating and set a GBX 345 ($4.64) target price on shares of Cybg in a research report on Thursday, November 2nd. Numis Securities restated a sell rating and set a GBX 210 ($2.83) target price on shares of Cybg in a research report on Thursday, November 2nd. J P Morgan Chase & Co restated an underweight rating and set a GBX 220 ($2.96) target price on shares of Cybg in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada restated an underperform rating and set a GBX 205 ($2.76) target price on shares of Cybg in a research report on Monday, September 4th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Cybg has an average rating of Hold and a consensus target price of GBX 278.70 ($3.75).
Shares of Cybg (LON CYBG) traded up GBX 4.40 ($0.06) on Tuesday, hitting GBX 321.60 ($4.33). 2,016,496 shares of the stock were exchanged, compared to its average volume of 1,360,000. Cybg has a fifty-two week low of GBX 257.10 ($3.46) and a fifty-two week high of GBX 321.60 ($4.33).
The company also recently declared a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, January 18th will be paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.32%. The ex-dividend date of this dividend is Thursday, January 18th.
In other Cybg news, insider Debbie Crosbie acquired 159 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was acquired at an average price of GBX 313 ($4.21) per share, with a total value of £497.67 ($669.81). Also, insider Tim Wade acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average cost of GBX 321 ($4.32) per share, with a total value of £64,200 ($86,406.46). Insiders have purchased a total of 20,302 shares of company stock worth $6,514,655 in the last ninety days.
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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.
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