Citigroup restated their sell rating on shares of Cybg (LON:CYBG) in a research note issued to investors on Monday morning.
Several other equities research analysts have also recently issued reports on the stock. Jefferies Group raised their target price on shares of Cybg from GBX 254 ($3.51) to GBX 294 ($4.06) and gave the stock a hold rating in a research report on Friday, November 10th. Deutsche Bank started coverage on shares of Cybg in a research report on Wednesday, January 10th. They set a sell rating and a GBX 291 ($4.02) price target on the stock. Shore Capital reaffirmed a hold rating on shares of Cybg in a research report on Friday, December 8th. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 220 ($3.04) price target on shares of Cybg in a research report on Wednesday, November 22nd. Finally, Berenberg Bank started coverage on shares of Cybg in a research report on Wednesday, January 17th. They set a buy rating and a GBX 375 ($5.18) price target on the stock. Six research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 291.08 ($4.02).
Shares of Cybg (CYBG) opened at GBX 304.60 ($4.21) on Monday. Cybg has a 12-month low of GBX 257.10 ($3.55) and a 12-month high of GBX 341.60 ($4.72). The stock has a market cap of $2,720.00 and a P/E ratio of 1,791.76.
The company also recently disclosed a dividend, which will be paid on Friday, February 16th. Stockholders of record on Thursday, January 18th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 0.32%.
In other news, insider Tim Wade acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of GBX 321 ($4.43) per share, for a total transaction of £64,200 ($88,698.54). Also, insider Ian S. Smith sold 8,510 shares of Cybg stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of GBX 337 ($4.66), for a total transaction of £28,678.70 ($39,622.41). Insiders have bought 20,298 shares of company stock worth $6,514,922 in the last quarter.
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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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