Citigroup Price Target Increased to $48.00 by Analysts at HSBC (C)
Stock analysts at HSBC raised their price objective on shares of Citigroup (NYSE:C) from $36.00 to $48.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has an “underweight” rating on the stock. HSBC’s price target would suggest a potential downside of 4.50% from the company’s current price.
A number of other analysts have also recently weighed in on C. Analysts at TheStreet reiterated a “buy” rating on shares of Citigroup (NYSE:C) in a research note to investors on Wednesday, September 4th. Separately, analysts at Zacks downgraded shares of Citigroup (NYSE:C) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 29th. They now have a $61.00 price target on the stock.
One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.95.
Citigroup (NYSE:C) traded up 0.46% on Friday, hitting $50.49. The stock had a trading volume of 12,575,946 shares. Citigroup has a one year low of $31.88 and a one year high of $53.56. The stock’s 50-day moving average is $50.62 and its 200-day moving average is $48.46. The company has a market cap of $153.5 billion and a P/E ratio of 16.15.
Citigroup (NYSE:C) last released its earnings data on Monday, July 15th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. The company had revenue of $20.50 billion for the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts predict that Citigroup will post $4.90 earnings per share for the current fiscal year.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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