Goldman Sachs Group Trims Cybg (LON:CYBG) Target Price to GBX 215

Cybg (LON:CYBG) had its target price cut by Goldman Sachs Group from GBX 250 ($3.27) to GBX 215 ($2.81) in a research note released on Thursday, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group restated a buy rating and issued a GBX 341 ($4.46) price target on shares of Cybg in a research report on Tuesday, July 30th. Citigroup restated a buy rating and issued a GBX 245 ($3.20) price target on shares of Cybg in a research report on Friday, June 21st. UBS Group restated a neutral rating on shares of Cybg in a research report on Monday, July 29th. Deutsche Bank restated a hold rating on shares of Cybg in a research report on Wednesday, July 31st. Finally, Morgan Stanley boosted their price target on Cybg from GBX 200 ($2.61) to GBX 205 ($2.68) and gave the company an equal weight rating in a research report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 241.62 ($3.16).

Shares of CYBG stock opened at GBX 141.65 ($1.85) on Thursday. The stock has a market capitalization of $2.03 billion and a PE ratio of -19.95. Cybg has a 52-week low of GBX 131.45 ($1.72) and a 52-week high of GBX 349.60 ($4.57). The stock’s 50-day moving average price is GBX 182.93 and its 200 day moving average price is GBX 192.

In other Cybg news, insider David Duffy sold 184,681 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of GBX 148 ($1.93), for a total transaction of £273,327.88 ($357,151.29). Insiders have acquired a total of 252 shares of company stock worth $45,052 in the last quarter.

About Cybg

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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