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) stock is expected to deviate a maximum of $6.44 from the average target price of $55.13 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $65 and the most muted being $45.
For the current week, the company shares have a recommendation consensus of Buy. Citigroup (NYSE:C): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.51 and $45.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.73, notching a gain of 0.62% for the day. The total traded volume was 14,819,381 . The stock had closed at $45.45 on the previous day.
In a related news, The officer (Head of Human Resources), of Citigroup Inc, Murray Joseph Michael had unloaded 8,122 shares at $44.35 per share in a transaction on July 20, 2016. The total value of transaction was $360,211. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.