Report
David Ellis
EUR 100.00 For Business Accounts Only

CYBG Remains Undervalued Despite Our Scepticism About Management’s Ambitious Targets

No-moat U.K. regional bank, CYBG Plc’s upbeat presentation at its 2019 investor day confirmed the expanded bank is on track to meet previously announced medium-term targets. The priority is on integrating the merger with Virgin Money, reinvigorating the mortgage and SME businesses, cutting costs, and increasing operational efficiency.
Management is optimistic on the bank’s prospects, despite challenges in the U.K. economy, and provided upgraded targets on profitability, asset growth, funding an...
Underlying
Virgin Money UK

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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