Citigroup (C) Receives ‘Analyst’ Rating

Citigroup (C) : The consensus on Citigroup (C) based on 16 analyst recommendation on the company stock is 1.63, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Citigroup (C) : Currently there are 15 street experts covering Citigroup (C) stock. The most bullish and bearish price target for the stock is $65 and $45 respectively for the short term. The average price target of all the analysts comes to $55.2. The estimated standard deviation from the target is $6.43.


Also, Equity analysts at the Brokerage firm Nomura maintains its rating on Citigroup (NYSE:C). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Nomura lowers the price target from $57 per share to $55 per share. The rating by the firm was issued on September 7, 2016.

Citigroup (NYSE:C): After opening at $46.75, the stock dipped to an intraday low of $46.59 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $47.32 and the buying power remained strong till the end. The stock closed at $47.08 for the day, a gain of 0.71% for the day session. The total traded volume was 14,205,345. The stocks close on the previous trading day was $46.75.

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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