Citigroup PT Lowered to $58.00 (C)
Stock analysts at Societe Generale lowered their price target on shares of Citigroup (NYSE:C) from $59.00 to $58.00 in a report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Societe Generale’s price target suggests a potential upside of 14.08% from the stock’s previous close.
Shares of Citigroup (NYSE:C) traded up 4.05% on Wednesday, hitting $50.84. The stock had a trading volume of 41,573,988 shares. Citigroup has a 52-week low of $34.04 and a 52-week high of $53.56. The stock has a 50-day moving average of $49.54 and a 200-day moving average of $49.27. The company has a market cap of $154.6 billion and a price-to-earnings ratio of 15.70.
Citigroup (NYSE:C) last released its earnings data on Tuesday, October 15th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.09. The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $18.73 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that Citigroup will post $4.77 EPS for the current fiscal year.
A number of other firms have also recently commented on C. Analysts at Sanford C. Bernstein cut their price target on shares of Citigroup from $60.00 to $57.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Citigroup in a research note to investors on Wednesday. They now have a $51.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Citigroup from $65.00 to $63.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $56.47.
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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