Citigroup (NYSE:C) received a $74.00 target price from equities research analysts at Deutsche Bank in a research note issued on Wednesday. The firm presently has a “neutral” rating on the financial services provider’s stock. Deutsche Bank’s target price indicates a potential downside of 4.03% from the company’s previous close.
Several other research analysts also recently commented on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $83.00 price target on shares of Citigroup in a research note on Tuesday. Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Credit Suisse Group reissued a “buy” rating and set a $86.00 target price on shares of Citigroup in a research report on Thursday, January 4th. Barclays raised their target price on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $78.37.
Citigroup (NYSE C) opened at $77.11 on Wednesday. The company has a market cap of $203,165.09, a PE ratio of 14.86, a P/E/G ratio of 1.23 and a beta of 1.56. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.
Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Citigroup by 227.4% in the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after purchasing an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. PointState Capital LP acquired a new stake in Citigroup in the 2nd quarter worth approximately $321,322,000. Pioneer Investment Management Inc. lifted its stake in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after acquiring an additional 4,795,145 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after acquiring an additional 4,413,329 shares during the period. 78.53% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This article was reported by American Banking and Market News and is owned by of American Banking and Market News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/17/deutsche-bank-reiterates-74-00-price-target-for-citigroup-c.html.
About Citigroup
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
