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

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

A number of other equities research analysts also recently issued reports on the company. Deutsche Bank restated a hold rating on shares of Cybg in a research note on Wednesday, July 31st. Shore Capital restated a buy rating on shares of Cybg in a research note on Tuesday, July 30th. UBS Group restated a neutral rating on shares of Cybg in a research note on Monday, July 29th. Citigroup restated a buy rating and set a GBX 245 ($3.20) price target on shares of Cybg in a research note on Friday, June 21st. 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 note on Friday, July 26th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 241.62 ($3.16).

Cybg stock opened at GBX 141.65 ($1.85) on Thursday. The business has a 50-day simple moving average of GBX 182.93 and a two-hundred day simple moving average of GBX 192. The company has a market cap of $2.03 billion and a P/E 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).

In related 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). Over the last quarter, insiders have purchased 252 shares of company stock valued at $45,052.

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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