Price Target Update on Citigroup (NYSE:C)

Citigroup (NYSE:C) : The most positive equity analysts on Citigroup (NYSE:C) expects the shares to touch $70, whereas, the least positive believes that the stock will trade at $45 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $56.93 with an expected fluctuation of $7.4 from the mean.

Other Equity analysts have also commented on the company shares. Keefe Bruyette & Woods downgrades their rating on the shares of Citigroup (NYSE:C). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm maintains the price target to $51 per share. The rating by the firm was issued on April 18, 2016.

Citigroup (NYSE:C): stock turned positive on Thursday. Though the stock opened at $43.51, the bulls momentum made the stock top out at $44.5 level for the day. The stock recorded a low of $43.47 and closed the trading day at $44.46, in the green by 4.17%. The total traded volume for the day was 25,702,960. The stock had closed at $42.68 in the previous days trading.

The company shares have dropped -24.04% 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 $44.53 and the 200 Day Moving Average price is recorded at $44.35. On the companys insider trading activities, Rodin Judith, director of Citigroup Inc, unloaded 036 shares at an average price of $45.8 on May 24, 2016. The total amount of the transaction was worth $1,649, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

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