Stocks of Citigroup Inc (NYSE:C) traded higher last session on Wall Street, up 2.10% to $81.67.
C stock price is now 14.61% away from the 50-day moving average and 26.97% away from the 200-day moving average. The market capitalization of the company currently stands at $153.30B.
With the price target enhanced from $70 to $95, Barclays Upgraded its rating from Equal Weight to Overweight for Citigroup Inc (NYSE: C). On December 03, 2024, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $70 to quote $82, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Henry Peter B., Director sold 13,000 shares of the company’s stock on Nov 11 ’24. The stock was sold for $909,675 at an average price of $69.97. Upon completion of the transaction, the Director now directly owns 3,023 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Director Peter B. Henry bought 13,000 shares of the business’s stock. A total of $908,355 was incurred on buying the stock at an average price of $69.87. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, Citigroup Inc has had a low of $50.51 and a high of $80.45. According to the stock market information, the enterprise value for the company is $23297296384, which is based on a 13.72 price-to-earnings ratio, a 0.56 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for C is $70.9002 and a two-hundred day moving average price translates $64.2211 for the stock.
The latest earnings results from Citigroup Inc (NYSE: C) was released for 2024-09-30. The net profit margin was 6.72% and return on equity was 6.06% for C. The company reported revenue of $36.46 billion for the quarter, compared to $34.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.65 percent.
