Citigroup Inc (NYSE:C) shares traded -0.33% lower at $45.08 on Wall Street last session.
In accordance with the data, 27 analysts cover Citigroup Inc (NYSE:C). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $41.00, we find $47.00. Given the previous closing price of $45.23, this indicates a potential upside of 3.91 percent. C stock price is now 8.67% away from the 50-day moving average and -0.12% away from the 200-day moving average. The market capitalization of the company currently stands at $86.28B.
It has been rated a hold by 16 analysts and a buy by 10. Brokers who have rated the stock have averaged $51.98 as their price target over the next twelve months.
With the price target of $43, HSBC Securities recently initiated with Hold rating for Citigroup Inc (NYSE: C).
In other news, MORTON ANDREW JOHN, Head of Markets sold 28,096 shares of the company’s stock on Oct 18. The stock was sold for $1,142,397 at an average price of $40.66. Upon completion of the transaction, the Head of Markets now directly owns 410,060 shares in the company, valued at $18.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18, Chief Risk Officer Turek Zdenek sold 12,000 shares of the business’s stock. A total of $598,440 was realized by selling the stock at an average price of $49.87. This leaves the insider owning 155,979 shares of the company worth $7.03 million. Insiders disposed of 266,340 shares of company stock worth roughly $12.01 million over the past 1 year. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Citigroup Inc has had a low of $38.17 and a high of $53.23. The fifty day moving average price for C is $41.53 and a two-hundred day moving average price translates $45.11 for the stock.
The latest earnings results from Citigroup Inc (NYSE: C) was released for Sep, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.49, beating analysts’ expectations of $1.1 by 0.39. This compares to $1.63 EPS in the same period last year. The net profit margin was 8.32% and return on equity was 6.59% for C. The company reported revenue of $34.84 billion for the quarter, compared to $19.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.89 percent. For the current quarter, analysts expect C to generate $17.57B in revenue.
