In a report issued on August 3, Betsy Graseck from Morgan Stanley maintained a Buy rating on Citigroup (C), with a price target of $61.00. The company’s shares closed last Monday at $52.86.
According to TipRanks.com, Graseck is a 3-star analyst with an average return of 2.2% and a 48.3% success rate. Graseck covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and JPMorgan Chase & Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Citigroup with a $71.08 average price target, a 35.9% upside from current levels. In a report issued on July 20, Berenberg Bank also maintained a Buy rating on the stock with a $65.00 price target.
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Citigroup’s market cap is currently $110B and has a P/E ratio of 9.00. The company has a Price to Book ratio of 0.73.
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Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. The Institutional Clients Group segment provides corporate, institutional, public sector and high-net-worth clients around the world with a full range of wholesale banking products and services. This segment includes fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance and securities services. The Corporate and Other segment includes certain unallocated costs of global staff functions, other corporate expenses and unallocated global operations and technology expenses, Corporate Treasury, certain North America and international legacy consumer loan portfolios, other legacy assets and discontinued operations. The company was founded in 1812 and is headquartered in New York, NY.
