Citigroup reiterated CYBG Plc (LON:CYBG) to Sell in a report released today.
- Updated: September 24, 2016
Citigroup has reiterated CYBG Plc (LON:CYBG) to Sell in a report released on 9/23/2016. They are also indicating a possible upside of 0%.
Previously on Wednesday September 14, 2016, RBC Capital Markets released a statement about CYBG Plc (LON:CYBG) reduced the target price from 210.00GBX to 200.00GBX. At the time, this indicated a possible downside of -0.21%.
Just yesterday CYBG Plc (LON:CYBG) traded 0.00% even at 0.00GBX. CYBG Plc’s 50-day moving average is 263.02GBX and its 200-day moving average is 243.00GBX. The last stock price is down 5.27% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,985,999 shares of CYBG traded hands, down from an average trading volume of 2,384,490
Recent Performance Chart
CYBG Plc has 52 week low of 179.00GBX and a 52 week high of 297.40GBX and has a market capitalization of 0 GBX.
In addition to Citigroup reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is 218.57GBX with 1 brokerage rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On CYBG Plc (LON:CYBG)
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. Clydesdale Bank's products and services include mortgages, current accounts, deposits, term lending, personal loans, working capital solutions, overdrafts, credit cards and payment and transaction services. Clydesdale Bank consists of approximately 120 Clydesdale Bank-branded branches and approximately 150 Yorkshire Bank-branded branches. CYBI is a holding company that undertakes limited economic activity beyond its principal activity, with all operations undertaken through United Kingdom registered entities.
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