Citigroup (C) : Analyst Rating Update

Citigroup (C) has an average broker rating of 1.56, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Citigroup (C) : The highest short term price target forecast on Citigroup (C) is $70 and the lowest target price is $45. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $56.93 with a standard deviation of $7.4.

Citigroup (NYSE:C): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.15 and $40.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.06, notching a gain of 0.69% for the day. The total traded volume was 27,713,900 . The stock had closed at $40.78 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, downgrades their rating on the shares of Citigroup (NYSE:C). Keefe Bruyette & Woods has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. As per the latest report, the brokerage house maintains the price target to $51 per share. The rating by the firm was issued on April 18, 2016. The company shares have dropped -22.77% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $60.95 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.91 and the 200 Day Moving Average price is recorded at $43.56.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.