In a report released today, Peter Winter from D.A. Davidson reiterated a Buy rating on Citizens Financial (CFG – Research Report). The company’s shares closed last Friday at $33.37.
Winter covers the Financial sector, focusing on stocks such as M&T Bank, Comerica, and NY Community. According to TipRanks, Winter has an average return of 3.2% and a 46.63% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Citizens Financial with a $33.25 average price target, which is a -0.36% downside from current levels. In a report released on January 5, Goldman Sachs also maintained a Buy rating on the stock with a $40.00 price target.
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CFG market cap is currently $15.56B and has a P/E ratio of 8.29.
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CFG in relation to earlier this year.
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Citizens Financial (CFG) Company Description:
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:
- Citizens Financial downgraded to Equal Weight from Overweight at Barclays
- Citizens Financial price target raised to $34 from $30 at Citi
- Citizens Financial price target raised to $39 from $32 at Stephens
- Citizens Financial price target raised by $5 at BofA
- Citizens Financial Stock (NYSE:CFG): Cheap Bank Stock Yielding Nearly 6%
