In a report released on December 22, Gerard Cassidy from RBC Capital maintained a Buy rating on Citizens Financial (CFG – Research Report), with a price target of $55.00. The company’s shares closed yesterday at $38.90.
Cassidy covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, KeyCorp, and Bank of America. According to TipRanks, Cassidy has an average return of 17.8% and a 59.36% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Citizens Financial with a $44.75 average price target, a 15.04% upside from current levels. In a report released on December 20, D.A. Davidson also initiated coverage with a Buy rating on the stock with a $47.00 price target.
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CFG market cap is currently $19.15B and has a P/E ratio of 9.72.
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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. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.
Read More on CFG:
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Citizens Financial initiated with Buy, named Top Pick at DA Davidson
- Citizens Financial initiated with a Buy at DA Davidson
- Citizens Financial assumed with an Overweight at Morgan Stanley
- Citizens Financial price target raised to $38 from $33 at Wolfe Research
