Cybg (CYBG) PT Lowered to GBX 200 at UBS Group

Cybg (LON:CYBG) had its price objective cut by UBS Group from GBX 210 ($2.74) to GBX 200 ($2.61) in a report released on Monday morning, investing.thisismoney.co.uk reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Shore Capital reissued a buy rating and set a GBX 320 ($4.18) price objective on shares of Cybg in a research report on Wednesday, February 6th. Deutsche Bank raised shares of Cybg to a hold rating and reduced their price objective for the company from GBX 248 ($3.24) to GBX 184 ($2.40) in a research report on Tuesday, February 5th. Credit Suisse Group raised shares of Cybg to a neutral rating and reduced their price objective for the company from GBX 285 ($3.72) to GBX 215 ($2.81) in a research report on Friday, November 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Cybg from GBX 220 ($2.87) to GBX 200 ($2.61) and set a neutral rating on the stock in a research report on Monday, January 21st. Finally, Barclays boosted their price objective on shares of Cybg from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the company an underweight rating in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Cybg presently has an average rating of Hold and an average target price of GBX 269.50 ($3.52).

Shares of Cybg stock opened at GBX 192 ($2.51) on Monday. Cybg has a 12-month low of GBX 257.10 ($3.36) and a 12-month high of GBX 341.60 ($4.46).

The business also recently disclosed a dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 17th will be given a dividend of GBX 3.10 ($0.04) per share. This is an increase from Cybg’s previous dividend of $1.00. This represents a yield of 1.5%. The ex-dividend date is Thursday, January 17th.

In other news, insider David Duffy sold 77,075 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of GBX 182 ($2.38), for a total value of £140,276.50 ($183,296.09). Also, insider Tim Wade bought 30,000 shares of Cybg stock in a transaction dated Monday, December 10th. The stock was acquired at an average cost of GBX 184 ($2.40) per share, for a total transaction of £55,200 ($72,128.58). Over the last three months, insiders have acquired 80,243 shares of company stock worth $15,565,135.

Cybg Company Profile

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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