Cybg Plc (LON:CYBG) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 271.33 ($3.65).
Several analysts recently issued reports on the company. Shore Capital Group reissued a “hold” rating and issued a GBX 345 ($4.64) target price on shares of Cybg in a research note on Thursday, November 2nd. Numis Securities reaffirmed a “sell” rating and set a GBX 210 ($2.83) price objective on shares of Cybg in a research report on Thursday, November 2nd. Citigroup reaffirmed a “sell” rating on shares of Cybg in a research report on Wednesday, December 6th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 220 ($2.96) price objective on shares of Cybg in a research report on Wednesday, November 22nd. Finally, Shore Capital reaffirmed a “hold” rating on shares of Cybg in a research report on Tuesday, November 21st.
In other Cybg news, insider Debbie Crosbie bought 159 shares of the stock in a transaction dated Friday, November 24th. The stock was purchased at an average cost of GBX 313 ($4.21) per share, for a total transaction of £497.67 ($669.81). Also, insider Tim Wade bought 20,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average price of GBX 321 ($4.32) per share, with a total value of £64,200 ($86,406.46). Insiders have bought 20,302 shares of company stock valued at $6,514,655 over the last quarter.
The company also recently disclosed a dividend, which will be paid on Friday, February 16th. Shareholders of record on Thursday, January 18th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a yield of 0.32%.
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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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