Published On: Sun, Sep 18th, 2016

Cybg Plc (CYBG) Earns “Underweight” Rating from JPMorgan Chase & Co.

Cybg Plc (LON:CYBG)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued on Monday, reports. They presently have a GBX 200 ($2.66) price target on the stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 21.32% from the stock’s previous close.
CYBG has been the subject of a number of other reports. Macquarie raised their price objective on Cybg Plc from GBX 250 ($3.33) to GBX 260 ($3.46) and gave the stock an “outperform” rating in a research report on Wednesday, May 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 340 ($4.53) target price on shares of Cybg Plc in a report on Wednesday, May 25th. Finally, Citigroup Inc. started coverage on Cybg Plc in a report on Monday, May 16th. They issued a “buy” rating and a GBX 260 ($3.46) target price for the company.
Cybg Plc (LON:CYBG) opened at 254.20 on Monday. Cybg Plc has a 52-week low of GBX 179.00 and a 52-week high of GBX 297.40. The firm’s 50-day moving average price is GBX 263.52 and its 200-day moving average price is GBX 240.90. The firm’s market cap is GBX 2.24 billion.

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About Cybg Plc
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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