Citigroup Maintains Citizens Financial Group Inc to Buy with Price Target $26.00

Brokerage firm Citigroup Maintains its rating on Citizens Financial Group Inc(NYSE:CFG). In a research note issued to the investors, the brokerage major Raises the price-target to $26.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 6, 2016.

In a different note, On May 13, 2016, Wells Fargo said it Upgrades its rating on Citizens Financial Group Inc. The shares have been rated ‘Outperform’ by the firm.

Citizens Financial Group Inc (CFG) shares turned negative on Fridays trading session with the shares closing down -0.42 points or -1.84% at a volume of 46,77,612. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.69. The peak price level was also seen at $22.69 while the days lowest was $22.27. Finally the shares closed at $22.46. The 52-week high of the shares is $28.54 while the 52-week low is $18.04. According to the latest information available, the market cap of the company is $11,881 M.

Citizens Financial Group Inc(CFG) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.23B. Analysts had an estimated revenue of $1.23B. Earnings per share were $0.41. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Shivan S. Subramaniam (director) purchased 5,000 shares at $20.91 per share price.Also, On Feb 10, 2016, David J. Bowerman (Vice Chair, Business Services) purchased 2,400 shares at $19.40 per share price.On Nov 13, 2015, Donald H Iii Mccree (Vice Chair, Commercial Banking) purchased 80,000 shares at $25.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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 1200 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 Company’s banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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