Price Target Update on Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG) : 15 investment research analysts covering Citizens Financial Group (NYSE:CFG) have an average price target of $27.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $24 for the short term. Analysts expect the variance to be within $2.22 of the average price.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Citigroup maintains the rating on Citizens Financial Group (NYSE:CFG). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $24 per share to $26 per share. The rating by the firm was issued on June 6, 2016.

Citizens Financial Group (NYSE:CFG): stock turned positive on Thursday. Though the stock opened at $21.75, the bulls momentum made the stock top out at $22.13 level for the day. The stock recorded a low of $21.69 and closed the trading day at $22.12, in the green by 3.51%. The total traded volume for the day was 5,342,832. The stock had closed at $21.37 in the previous days trading.

The company shares have dropped -21.95% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $28.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.46 and the 200 Day Moving Average price is recorded at $22.40. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Citizens Financial Group Inc/Ri, Subramaniam Shivan S. had purchased shares worth of $104,550 in a transaction dated on March 8, 2016. A total of 5,000 shares were purchased at a price of $20.91 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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 1,200 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 Companys banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Companys subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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