Analyst Rating Update on Citigroup (C)

Citigroup (C) : 11 brokerage houses believe that Citigroup (C) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Citigroup (C). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 1.63.

Citigroup (C) : The most positive equity analysts on Citigroup (C) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $45 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $55.13 with an expected fluctuation of $6.44 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Berenberg initiates coverage on Citigroup (NYSE:C).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Berenberg announces the price target of $50 per share. The rating by the firm was issued on July 13, 2016.


Citigroup (NYSE:C): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.93 and $42.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.89, notching a gain of 2.09% for the day. The total traded volume was 14,707,356 . The stock had closed at $42.99 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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