Royal Bank Of Canada Forecasts Strong Price Appreciation for Citizens Financial Group (NYSE:CFG) Stock

Citizens Financial Group (NYSE:CFG) had its price objective raised by Royal Bank Of Canada from $70.00 to $79.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.20% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Truist Financial raised their price target on shares of Citizens Financial Group from $69.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. UBS Group boosted their price objective on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Barclays upped their target price on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley raised their target price on Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, Weiss Ratings raised Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.85.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $72.34 on Friday. Citizens Financial Group has a fifty-two week low of $45.90 and a fifty-two week high of $74.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 0.86. The firm has a market capitalization of $30.59 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.60 and a beta of 0.67. The stock’s 50-day simple moving average is $66.42 and its 200-day simple moving average is $63.59.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. Citizens Financial Group’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. As a group, equities analysts forecast that Citizens Financial Group will post 5.25 earnings per share for the current fiscal year.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Citizens Financial Group by 5.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 504,595 shares of the bank’s stock worth $29,968,000 after acquiring an additional 25,180 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at approximately $2,412,000. Geode Capital Management LLC boosted its position in Citizens Financial Group by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock worth $661,052,000 after purchasing an additional 32,264 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in Citizens Financial Group by 45.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock worth $15,799,000 after purchasing an additional 85,052 shares in the last quarter. Finally, Todd Asset Management LLC grew its stake in shares of Citizens Financial Group by 10.6% during the 4th quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock worth $57,914,000 after purchasing an additional 94,774 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Citizens Financial Group

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Citizens Financial reported better-than-expected Q2 2026 results, with EPS of $1.30 versus $1.25 expected and revenue of $2.28 billion versus $2.25 billion expected, driven by stronger net interest income and fee growth. Reuters article
• Positive Sentiment: The company said net income rose 35% year over year to $587 million and EPS increased 41% year over year, reinforcing momentum in profitability. Business Wire article
• Positive Sentiment: Several analysts raised price targets after the earnings release, including Keefe, Bruyette & Woods to $90, RBC to $79, Barclays to $81, and Baird to $75, signaling improving Wall Street sentiment. Benzinga article
• Positive Sentiment: Analysts also highlighted a raised net interest margin outlook and solid private bank growth, which may support expectations for continued earnings strength. Read More.
• Positive Sentiment: The company declared a quarterly dividend of $0.46 per share, underscoring capital return to shareholders.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.