Other equities research analysts also recently issued research reports about the stock. Shore Capital reaffirmed a hold rating and issued a GBX 345 ($4.68) price objective on shares of Cybg in a report on Thursday, November 2nd. Jefferies Group reaffirmed a hold rating and issued a GBX 294 ($3.99) price objective on shares of Cybg in a report on Friday, December 1st. Shore Capital Group reaffirmed a hold rating and issued a GBX 345 ($4.68) price objective on shares of Cybg in a report on Thursday, November 2nd. Citigroup reaffirmed a sell rating on shares of Cybg in a report on Wednesday, December 6th. Finally, Numis Securities reaffirmed a sell rating and issued a GBX 210 ($2.85) price objective on shares of Cybg in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 279.82 ($3.79).
Cybg (CYBG) traded up GBX 0.20 ($0.00) during mid-day trading on Wednesday, reaching GBX 327.60 ($4.44). 2,030,000 shares of the company traded hands, compared to its average volume of 1,140,000. The firm 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).
The firm also recently declared a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be issued a GBX 1 ($0.01) dividend. This represents a yield of 0.32%. The ex-dividend date of this dividend is Thursday, January 18th.
In other Cybg news, insider Ian S. Smith sold 8,510 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of GBX 337 ($4.57), for a total transaction of £28,678.70 ($38,891.65). Also, insider Tim Wade acquired 20,000 shares of Cybg stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of GBX 321 ($4.35) per share, with a total value of £64,200 ($87,062.65). Insiders have acquired 20,298 shares of company stock valued at $6,514,687 over the last ninety days.
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Cybg Company Profile
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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