Goldman Sachs announced CYBG Plc (LON:CYBG), raising its target price to 250.00GBX today
- Updated: September 26, 2016
CYBG Plc (LON:CYBG) had its target price raised to 250.00GBX by Goldman Sachs in a report released Tuesday September 27, 2016. The new target price indicates a possible downside of -0.02% based on the company's last stock close price.
Yesterday CYBG Plc (LON:CYBG) traded 1.20% higher at 254.70GBX. The company’s 50-day moving average is 263.20GBX and its 200-day moving average is 243.85GBX. The last stock close price is up 4.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 396,437 shares of the stock were exchanged, down from an average trading volume of 2,232,550
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CYBG Plc has a 52 week low of 179.00GBX and a 52 week high of 297.40GBX The company’s market cap is currently 0 GBX.
In addition to Goldman Sachs reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is 218.57GBX with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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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