CYB To Re-Brand To Virgin Money After Acquisition

Shares of CYB remain firm as the beneficial synergies of the Virgin Money acquisition begin to crystallize into forward guidance estimates.

Reports show that CYB will spend GBP 60 million to re-brand all of its businesses to Virgin Money, but overall, the amalgamation will result in over GBP 120 million in cost savings.

You're not a member!  Trial today!

It’s expected that these savings will equate to around 13% EPS growth over the next 18 months and lift the dividend to 25 cents per share.

Our ALGO engine triggered a buy signal in CYB in July of last year at $4.35. We have a medium-term upside target in the $6.25/35 range.


Author: Todd

Todd has worked in the financial industry for 20 years. During this time, his primary focus has been in the Foreign Exchange, Global Equities and Fixed Income areas. Todd has also served as a Judicial Advocate in several tax cases in the US Federal Court.