Citizens Financial Group (CFG): Price Target and June Short Interest Disclosure

Citizens Financial Group (CFG) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $33 and the lowest price target forecast is $22. The average forecast of all the analysts is $26.63 and the expected standard deviation is $2.59.

The short interest in Citizens Financial Group (CFG) has increased from 7,536,908 on June 15,2016 to 8,236,252 on June 30,2016. The change was measured at 699,344 shares or 9.3%. The leftover shorts were 1.6% of the floated shares. The days to cover are 1, given the average daily volume of 10,337,983 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Citigroup maintains its ratings on Citizens Financial Group (NYSE:CFG). In the latest research report, Citigroup raises the target price from $24 per share to $26 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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, the bulls momentum made the stock top out at $21.36 level for the day. The stock recorded a low of $20.82 and closed the trading day at $20.99, in the green by 2.09%. The total traded volume for the day was 4,670,563. The stock had closed at $20.56 in the previous days trading.

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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