Citigroup (C) : 14 investment research analysts covering Citigroup (C) have an average price target of $55.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $45 for the short term. Analysts expect the variance to be within $6.47 of the average price.
Citigroup (C) has seen a shortfall of 474,032 shares or 1.5% in the short interest. The remaining shorts are 1.1% of the total floated shares. The net short interest, as on June 30,2016, stood at 31,775,679 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 32,384,044 shares. On June 15,2016, 32,249,711 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Wells Fargo downgrades its rating on Citigroup (NYSE:C). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 8, 2016.
Citigroup (NYSE:C): stock turned positive on Thursday. Though the stock opened at $44.38, the bulls momentum made the stock top out at $44.77 level for the day. The stock recorded a low of $44.12 and closed the trading day at $44.45, in the green by 2.58%. The total traded volume for the day was 37,093,643. The stock had closed at $43.33 in the previous days trading.
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.