Goldman Sachs downgraded Citigroup (NYSE:C) from Buy to Neutral in a report released today.
- Updated: September 16, 2016
Goldman Sachs has downgraded Citigroup(NYSE:C) from Buy to Neutral in a report released on 9/16/2016.
On 9/14/2016, Vetr Inc. released a statement about Citigroup(NYSE:C) raised the target price from $0.00 to $45.31. At the time, this indicated a possible downside of -0.04%.
Boasting a price of $47.08, Citigroup (NYSE:C) traded 1.25% lower on the day. With the last stock close up 5.01% from the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the same time. The company has logged a 50-day moving average of $46.25 and 200-day moving average of $44.27. Volume of trade was was down over the average, with 9,224,373 shares of C changing hands under the typical 20,559,500 shares.
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With a market cap of $0.0, Citigroup has a one-year low of $34.52 and a one-year high of $56.46 with a price-earnings ratio of 10.
Also covering Citigroup’s price target, a total of 26 equity analysts have issued a research note on Citigroup. The 12-month target stock price is $56.12 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 analystsrating the stock as sell.
General Company Details For Citigroup (NYSE:C)
Citigroup Inc. (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It operates through two segments: Citicorp and Citi Holdings. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. Global Consumer Banking (GCB) consists of Citi’s geographical consumer banking businesses that provide traditional banking services to retail customers through retail banking, including commercial banking, and and Citi-branded cards and Citi retail services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses.
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