The stock of CYBG PLC (LON:CYBG) hit a new 52-week high and has GBX 467.94 target or 59.00% above today’s GBX 294.30 share price. The 8 months bullish chart indicates low risk for the GBX 2.73 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 467.94 price target is reached, the company will be worth GBX 1.61B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 2.61% or GBX 7.9 on November 11, hitting GBX 294.3. About 2.83M shares traded hands or 93.84% up from the average. CYBG PLC (LON:CYBG) has risen 39.42% since April 13, 2016 and is uptrending. It has outperformed by 33.28% the S&P500.
CYBG PLC (LON:CYBG) Ratings Coverage
Out of 8 analysts covering CYBG Plc (LON:CYBG), 1 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 13% are positive. CYBG Plc has been the topic of 21 analyst reports since March 14, 2016 according to StockzIntelligence Inc. RBC Capital Markets maintained CYBG PLC (LON:CYBG) on Tuesday, October 4 with “Underperform” rating. As per Tuesday, July 26, the company rating was maintained by JP Morgan. The firm earned “Sell” rating on Monday, September 12 by Citigroup. The firm has “Neutral” rating by JP Morgan given on Thursday, May 12. RBC Capital Markets maintained it with “Outperform” rating and GBX 340 target price in Wednesday, May 25 report. RBC Capital Markets maintained the stock with “Underperform” rating in Wednesday, September 14 report. The firm has “Sell” rating given on Friday, September 23 by Citigroup. As per Monday, September 12, the company rating was maintained by JP Morgan. The firm has “Underperform” rating given on Monday, August 15 by RBC Capital Markets. As per Wednesday, September 14, the company rating was maintained by JP Morgan.
More news for CYBG PLC (LON:CYBG) were recently published by: Moodys.com, which released: “Moody’s assigns a Ba1 rating to CYBG PLC’s Tier 2 notes” on September 16, 2016. Wsj.com‘s article titled: “National Australia Bank Floats UK Banking Arm CYBG at Sharp Discount” and published on February 03, 2016 is yet another important article.
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 2.73 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.
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