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Share Price Information for CYBG (CYBG)
Share Price is delayed by 15 minutes
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Share Price:
17.117
Bid:
17.016
Ask:
17.218
Change:
-0.143 (-0.83%)
Spread:
0.202 (1.187%)
Open:
17.26
High:
0.00
Low:
0.00
Prev. Close:
17.26
Last checked at -
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Don't have an account? Click here to register.Impatient Investec downgrades CYBG
Mon, 15th Apr 2019 12:57
(Sharecast News) - CYBG shares still look cheap for the patient investors but Investec downgraded its recommendation as it sees little "better value elsewhere" on a 12-month view.With shares in the FTSE 250 group having rallied strongly since late December, Investec cut the challenger bank to 'hold' from 'buy' and set a new target price of 230p.Following the merger between the Clydesdale Bank and Yorkshire Bank owner with Virgin Money, full synergies are not expected until the 2022 financial year, though Investec's analysts forecast progress with some aspects will be relatively slow, while there will be continued pressure on net interest margin.While CYBG missed out on initial awards from the RBS alternative remedies scheme, it has applied under the second round and could also make use of the incentivised switching scheme, which will have £350m of money from RBS to help redistribute SME customers around to challenger banks."For CYBG, there is a clear opportunity to secure new liability-rich customer relationships, accelerate growth and rebalance the group away from mortgages," the analysts said, with interim results in mid-May and a capital markets day in June"For the patient investor, we think CYBG offers further upside potential, but after a 26% return since 27 December, on a 12-month view, we see better value elsewhere."Investec's preferred name in the banking space is Charter Court, where it retains a 'buy' rating.
More News
8 May 2018 11:10
WINNERS & LOSERS SUMMARY: Virgin Money Gains On CYBG Takeover Offer
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 4.1%. The Irish drugmaker said it has agreed
Read more8 May 2018 08:25
CORRECT: CYBG Makes GBP1.6 Billion All-Share Offer For Virgin Money
(Correcting that the valuation of Virgin Money is based on CYBG's closing price on Friday.)LONDON (Alliance News) - CYBG PLC said Monday that it had made a preliminary offer for a deal
Read more8 May 2018 07:47
LONDON MARKET PRE-OPEN: Lower Call; Shire Agrees Takeda Deal
LONDON (Alliance News) - Stock prices in London are seen opening lower on Tuesday ahead of US President Donald Trump's decision on whether to scrap the nuclear deal with Iran, while in London
Read more8 May 2018 07:19
TOP NEWS: CYBG Makes GBP1.6 Billion All-Share Offer For Virgin Money
LONDON (Alliance News) - CYBG PLC said Monday that it had made a preliminary offer for a potential deal with Virgin Money Holdings PLC in a bid to create "UK's leading challenger the of B
Read more18 Apr 2018 10:37
WINNERS & LOSERS SUMMARY: Intu Slides As Hammerson Calls Off Takeover
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Mediclinic
Read more18 Apr 2018 09:25
CYBG To Make Additional GBP350 Million Provision For PPI Claims
LONDON (Alliance News) - CYBG PLC said Wednesday it will increase its provision for payment protection insurance claims by GBP350 million due to increased level of complaints and certain time and
Read more16 Feb 2017 09:53
Panmure initiates coverage of challenger banks
(ShareCast News) - Panmure Gordon initiated coverage on several challenger banks on Thursday, highlighting a preference for specialist lenders as they have avoided direct competition with large UK banks and offer high growth and returns at attractive valuations. The brokerage started Aldermore, OneS
Read more31 Jan 2017 07:33
CYBG's lending and margins dip but confidence remains strong
(ShareCast News) - CYBG has started its financial year by growing its mortgage book and continuing cost cutting, but investors were disappointed with a slight decline in business lending and net interest margins. The operator of the Clydesdale and Yorkshire Bank said it was on track to deliver full
Read more24 Jan 2017 16:09
22 Nov 2016 11:28
CYBG's maiden profit fails to impress as tax charge hits
(ShareCast News) - In its first annual results as an independent public company, CYBG, the holding company of Clydesdale and Yorkshire Banks, reported lower annual income than expected but managed to lift profits strongly higher. As management push through an ongoing cost reduction programme across
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