Deutsche Bank Initiates Coverage on Cybg (CYBG)

Deutsche Bank initiated coverage on shares of Cybg (LON:CYBG) in a research note issued to investors on Wednesday. The firm set a “sell” rating and a GBX 291 ($3.95) price target on the stock. Deutsche Bank’s price target suggests a potential downside of 11.17% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Jefferies Group increased their price target on shares of Cybg from GBX 254 ($3.44) to GBX 294 ($3.99) and gave the company a “hold” rating in a research report on Friday, November 10th. Numis Securities increased their price target on shares of Cybg from GBX 210 ($2.85) to GBX 250 ($3.39) and gave the company a “sell” rating in a research report on Thursday, November 23rd. Shore Capital reiterated a “hold” rating on shares of Cybg in a research report on Tuesday, November 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 220 ($2.98) price target on shares of Cybg in a research report on Tuesday, September 19th. Finally, Citigroup reiterated a “sell” rating on shares of Cybg in a research report on Wednesday, December 6th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 279.82 ($3.79).

Shares of Cybg (LON:CYBG) traded up GBX 0.20 ($0.00) on Wednesday, reaching GBX 327.60 ($4.44). 2,030,000 shares of the company were exchanged, compared to its average volume of 1,140,000. The stock has a market capitalization of $2,900.00 and a P/E ratio of 1,927.06. Cybg has a 1-year low of GBX 257.10 ($3.49) and a 1-year high of GBX 341.60 ($4.63).

In other Cybg news, insider Debbie Crosbie purchased 159 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average price of GBX 313 ($4.24) per share, with a total value of £497.67 ($674.90). Also, insider Ian S. Smith sold 8,510 shares of the firm’s stock in a transaction 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 bought 20,298 shares of company stock worth $6,514,687 in the last 90 days.

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About Cybg

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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