Citigroup (NYSE:C) had its target price lifted by equities research analysts at Jefferies Financial Group to $64.00 in a research note issued on Tuesday, The Fly reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 2.91% from the company’s previous close.
C has been the subject of several other reports. Barclays reduced their target price on Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Wells Fargo & Co downgraded Citigroup to a “buy” rating in a research note on Friday, January 4th. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. Credit Suisse Group reduced their target price on Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Finally, Standpoint Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target for the company in a research note on Wednesday, December 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $77.04.
Shares of NYSE C opened at $62.19 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.30. Citigroup has a 12 month low of $48.42 and a 12 month high of $80.70. The company has a market cap of $157.75 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.71 and a beta of 1.56.
Several large investors have recently added to or reduced their stakes in C. Csenge Advisory Group acquired a new position in shares of Citigroup during the 3rd quarter worth $104,000. Arlington Partners LLC acquired a new position in Citigroup in the 3rd quarter worth about $143,000. Almanack Investment Partners LLC. acquired a new position in Citigroup in the 3rd quarter worth about $150,000. Peoples Financial Services CORP. increased its holdings in Citigroup by 82.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. acquired a new position in Citigroup in the 4th quarter worth about $116,000. Hedge funds and other institutional investors own 72.68% of the company’s stock.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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