Citizens Financial Group (NYSE:CFG) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday. The brokerage presently has a $39.00 price objective on the bank’s stock, down from their prior price objective of $40.00. BMO Capital Markets’ price objective indicates a potential downside of 7.32% from the stock’s current price.
Several other analysts also recently commented on CFG. Morgan Stanley raised their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Deutsche Bank reaffirmed a “hold” rating and set a $36.00 target price (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, December 4th. Bank of America reaffirmed an “underperform” rating and set a $40.00 target price (down from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Finally, TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.85.
Shares of Citizens Financial Group (NYSE:CFG) traded up $0.05 during mid-day trading on Tuesday, hitting $42.08. 5,145,700 shares of the stock traded hands, compared to its average volume of 4,743,415. The company has a market cap of $20,516.04, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.07 and a beta of 1.37. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $42.83. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company’s stock.
Several large investors have recently modified their holdings of CFG. Sun Life Financial INC grew its stake in shares of Citizens Financial Group by 41,266.7% in the 2nd quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock worth $133,000 after buying an additional 3,714 shares in the last quarter. Lipe & Dalton bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth about $207,000. Colony Group LLC bought a new stake in shares of Citizens Financial Group in the 2nd quarter worth about $210,000. Courier Capital LLC bought a new stake in shares of Citizens Financial Group in the 2nd quarter worth about $214,000. Finally, Quotient Investors LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth about $227,000. 98.48% of the stock is owned by institutional investors and hedge funds.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
