November 23, 2016 - By Clifton Ray
JP Morgan Cazenove currently has a GBX 220.00 price target on the 2.48 billion GBP market cap company or -22.26% downside potential. In an analyst note sent to clients and investors on Wednesday, 23 November, CYBG Plc (LON:CYBG) stock had its Underweight Rating reconfirmed by professional analysts at JP Morgan Cazenove.
Out of 8 analysts covering CYBG Plc (LON:CYBG), 1 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 13% are positive. GBX 340 is the highest target while GBX 200 is the lowest. The GBX 230.71 average target is -18.10% below today’s (GBX 281.7) stock price. CYBG Plc has been the topic of 25 analyst reports since March 14, 2016 according to StockzIntelligence Inc. Goldman Sachs maintained it with “Neutral” rating and GBX 250 target price in Tuesday, November 15 report. The rating was maintained by Numis Securities with “Reduce” on Tuesday, November 22. The rating was maintained by JP Morgan with “Underweight” on Tuesday, July 26. On Friday, July 29 the stock rating was maintained by JP Morgan with “Underweight”. The stock of CYBG PLC (LON:CYBG) has “Neutral” rating given on Thursday, May 12 by JP Morgan. Citigroup maintained CYBG PLC (LON:CYBG) on Friday, September 23 with “Sell” rating. RBC Capital Markets maintained CYBG PLC (LON:CYBG) rating on Wednesday, September 14. RBC Capital Markets has “Underperform” rating and GBX 200 price target. The firm has “Underperform” rating given on Monday, August 15 by RBC Capital Markets. The stock of CYBG PLC (LON:CYBG) earned “Underweight” rating by JP Morgan on Wednesday, November 23. The stock of CYBG PLC (LON:CYBG) has “Outperform” rating given on Tuesday, October 25 by Credit Suisse.
About 577,287 shares traded hands. CYBG PLC (LON:CYBG) has risen 22.62% since April 22, 2016 and is uptrending. It has outperformed by 17.29% the S&P500.
CYBG PLC is a United Kingdom-based company, which intends to be the holding firm for CYB Investments Limited and Clydesdale Bank PLC (Clydesdale Bank). The company has a market cap of 2.48 billion GBP. The Firm will own National Australia Bank Limited’s Clydesdale and Yorkshire Bank activities (the Clydesdale Bank business). It currently has negative earnings. Clydesdale Bank provides the United Kingdom retail and small and medium enterprises (SME) banking services.
Cybergy Holdings, Inc., incorporated on March 16, 2006, is a holding firm for its subsidiary, Cybergy Partners, Inc. (Partners). The Firm is engaged in delivering technology-enabled services and products in clean energy, smart grid, energy resilience, cybersecurity, and business growth services.
Another recent and important CYBG PLC (LON:CYBG) news was published by Moodys.com which published an article titled: “Moody’s assigns a Ba1 rating to CYBG PLC’s Tier 2 notes” on September 16, 2016.
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By Clifton Ray