Citizens Financial Group (CFG) : Traders are bullish on Citizens Financial Group (CFG) as it has outperformed the S&P 500 by a wide margin of 7.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.33% in the last 1 week, and is up 8.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Citizens Financial Group, Inc. is up 3.17% in the last 3-month period. Year-to-Date the stock performance stands at -8.56%. The stock has recorded a 20-day Moving Average of 3.35% and the 50-Day Moving Average is 9.86%.
Citizens Financial Group (NYSE:CFG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.31 and $23.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.58, notching a gain of 0.81% for the day. The total traded volume was 2,948,761 . The stock had closed at $23.39 on the previous day.
Also, Equity Analysts at the Citigroup maintains the rating on Citizens Financial Group (NYSE:CFG). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $24 per share to $26 per share. The rating by the firm was issued on June 6, 2016.
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).