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 report report published on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank reaffirmed a hold rating on shares of Cybg in a research report on Wednesday, July 31st. Barclays reaffirmed an equal weight rating on shares of Cybg in a research report on Wednesday, July 17th. Citigroup reaffirmed a buy rating and issued a GBX 245 ($3.20) price objective on shares of Cybg in a research report on Friday, June 21st. UBS Group reaffirmed a neutral rating on shares of Cybg in a research report on Monday, July 29th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 250 ($3.27) price objective on shares of Cybg in a research report on Thursday, June 20th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 241.62 ($3.16).

LON CYBG opened at GBX 141.65 ($1.85) on Thursday. The company has a market cap of $2.03 billion and a P/E ratio of -19.95. The business’s 50 day moving average price is GBX 182.93 and its 200-day moving average price is GBX 192. Cybg has a fifty-two week low of GBX 131.45 ($1.72) and a fifty-two week high of GBX 349.60 ($4.57).

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

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.

Further Reading: Rule of 72

Analyst Recommendations for Cybg (LON:CYBG)

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