Brokerage Firm Rating Update on Citigroup (C)

Citigroup (C) : 15 analysts are covering Citigroup (C) and their average rating on the stock is 1.67, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Citigroup (C) stock is expected to deviate a maximum of $6.67 from the average target price of $55.21 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $65 and the most muted being $45.


For the current week, the company shares have a recommendation consensus of Buy. Also, Berenberg initiates coverage on Citigroup (NYSE:C). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Berenberg announces a current price target of $50 per share. The rating by the firm was issued on July 13, 2016.

Citigroup (NYSE:C): The stock opened at $47 and touched an intraday high of $47.64 on Wednesday. During the day, the stock corrected to an intraday low of $46.86, however, the bulls stepped in and pushed the price higher to close in the green at $47.48 with a gain of 0.40% for the day. The total traded volume for the day was 13,610,584. The stock had closed at $47.29 in the previous trading session.

Citigroup Inc. (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citis consumer operations, as well as the consumer finance business in Korea and certain businesses in ICG form part of Citi Holdings.

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