BMO Capital Reiterates Their Buy Rating on Citizens Financial


In a report issued on July 9, Lana Chan from BMO Capital reiterated a Buy rating on Citizens Financial (NYSE: CFG), with a price target of $48. The company’s shares opened today at $39.57.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 13.3% and a 70.0% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and TCF Financial Corporation.

Currently, the analyst consensus on Citizens Financial is a Strong Buy with an average price target of $50.50, a 27.6% upside from current levels. In a report issued on June 29, Sandler O’Neill also maintained a Buy rating on the stock with a $48 price target.

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Based on Citizens Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.71 billion and net profit of $388 million. In comparison, last year the company earned revenue of $1.56 billion and had a net profit of $318 million.

Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.

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Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking.

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