Citizens Financial Group (CFG) : Analyst Rating Update

Citizens Financial Group (CFG) : Zacks Investment Research ranks Citizens Financial Group (CFG) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 1.61, which indicates as a Buy.

Citizens Financial Group (CFG) : Currently there are 15 street experts covering Citizens Financial Group (CFG) stock. The most bullish and bearish price target for the stock is $33 and $24 respectively for the short term. The average price target of all the analysts comes to $27.3. The estimated standard deviation from the target is $2.22.

Citizens Financial Group (NYSE:CFG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.65 and $18.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.99, notching a gain of 0.48% for the day. The total traded volume was 7,896,005 . The stock had closed at $18.90 on the previous day.

Also, Citigroup maintains its rating on Citizens Financial Group (NYSE:CFG). The global brokerage major raises the current price target from $24 per share to $26 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on June 6, 2016. The company shares have dropped -29.05% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $28.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $21.94 and the 200 Day Moving Average price is recorded at $21.95.

Citizens Financial Group, Inc. is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates approximately 1,200 branches in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions. The Company serves the financial needs of customers and prospects through its online, telephone and mobile banking platforms. It also maintains over 100 retail and commercial non-branch offices located both in the Companys banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Companys subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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