In the good books
CBYG (CYB) Upgraded to Hold from Reduce by Morgans B/H/S: 0/3/3
Morgans is forecasting a first half underlying profit of GBP83m when the company releases its first half result on May 16. The broker is forecasting an inaugural interim dividend of 1p per share.
The broker believes there is potential for significant share price weakness in the near term, if speculation around the bank bidding for The Co-operative Bank disappears.