Follow The Ratings: What To Expect After CYBG Plc (LON:CYBG)’s Upgrade Rating From Goldman Sachs? The Target Price Given is GBX 330.00

November 28, 2016 - By Adrian Mccoy

CYBG Plc (LON:CYBG) Upgrade

In a a research note issued to clients and investors on 28 November, Goldman Sachs raised shares of CYBG Plc (LON:CYBG) to a Buy rating. Goldman Sachs currently has a GBX 330.00 target on the stock. The firm target means a potential upside of 18.17% from CYBG Plc (LON:CYBG)‘s close price.

CYBG PLC (LON:CYBG) Ratings Coverage

Out of 8 analysts covering CYBG Plc (LON:CYBG), 2 rate it a “Buy”, 5 “Sell”, while 1 “Hold”. This means 25% are positive. GBX 340 is the highest target while GBX 200 is the lowest. The GBX 242.14 average target is -14.07% below today’s (GBX 281.8) stock price. CYBG Plc has been the topic of 26 analyst reports since March 14, 2016 according to StockzIntelligence Inc. JP Morgan maintained CYBG PLC (LON:CYBG) on Wednesday, September 14 with “Underweight” rating. The stock of CYBG PLC (LON:CYBG) earned “Sell” rating by Citigroup on Friday, September 23. The stock has “Outperform” rating given by Credit Suisse on Tuesday, October 25. JP Morgan maintained the stock with “Underweight” rating in Tuesday, July 26 report. RBC Capital Markets maintained it with “Underperform” rating and GBX 210 target price in Monday, August 15 report. RBC Capital Markets maintained CYBG PLC (LON:CYBG) rating on Wednesday, May 25. RBC Capital Markets has “Outperform” rating and GBX 340 price target. Numis Securities maintained CYBG PLC (LON:CYBG) on Wednesday, October 26 with “Reduce” rating. The stock of CYBG PLC (LON:CYBG) earned “Sell” rating by Citigroup on Monday, September 12. Macquarie Research maintained the stock with “Neutral” rating in Thursday, October 27 report. JP Morgan maintained CYBG PLC (LON:CYBG) on Friday, July 29 with “Underweight” rating.

About 433,522 shares traded hands. CYBG PLC (LON:CYBG) has risen 20.49% since April 27, 2016 and is uptrending. It has outperformed by 14.47% 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.

CYBG Company Profile

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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