Cybg (CYBG) Research Coverage Started at Berenberg Bank

Berenberg Bank initiated coverage on shares of Cybg (LON:CYBG) in a report released on Wednesday. The brokerage issued a buy rating and a GBX 375 ($5.09) price target on the stock.

Several other research firms have also commented on CYBG. Shore Capital Group reaffirmed a hold rating and issued a GBX 345 ($4.68) price target on shares of Cybg in a report on Thursday, November 2nd. Shore Capital reaffirmed a hold rating on shares of Cybg in a report on Friday, December 8th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 220 ($2.98) price target on shares of Cybg in a report on Wednesday, November 22nd. Numis Securities reaffirmed a sell rating and issued a GBX 210 ($2.85) price target on shares of Cybg in a report on Thursday, November 2nd. Finally, Deutsche Bank initiated coverage on shares of Cybg in a report on Wednesday, January 10th. They issued a sell rating and a GBX 291 ($3.95) price target for the company. Six equities 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 currently has a consensus rating of Hold and an average target price of GBX 287.75 ($3.90).

Cybg (LON CYBG) opened at GBX 334 ($4.53) on Wednesday. Cybg has a fifty-two week low of GBX 257.10 ($3.49) and a fifty-two week high of GBX 341.60 ($4.63). The firm has a market cap of $2,960.00 and a price-to-earnings ratio of 1,964.71.

The company also recently disclosed a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, January 18th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, January 18th. This represents a yield of 0.32%.

In other news, insider Debbie Crosbie acquired 159 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of GBX 313 ($4.24) per share, for a total transaction of £497.67 ($674.90). Also, insider Ian S. Smith sold 8,510 shares of Cybg 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). Over the last quarter, insiders purchased 20,298 shares of company stock worth $6,514,687.

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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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