Short Term Price Target on Citigroup (C)

Citigroup (NYSE:C) : The highest short term price target forecast on Citigroup (NYSE:C) is $70 and the lowest target price is $45. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $56.93 with a standard deviation of $7.4.

Citigroup Inc. has lost 4.66% in the last five trading days and dropped 9.69% in the last 4 weeks. Citigroup Inc. has dropped 0.08% during the last 3-month period . Year-to-Date the stock performance stands at -17.9%. Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods downgrades its rating on Citigroup (NYSE:C). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods maintains a current price target of $51 per share. The rating by the firm was issued on April 18, 2016.

Citigroup (NYSE:C) has an average broker rating of 1.56, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Citigroup (NYSE:C): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.68 and $41.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.39, notching a gain of 0.64% for the day. The total traded volume was 34,485,440 . The stock had closed at $42.12 on the previous day.

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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