Jefferies & Co downgraded Citigroup Inc. (NYSE:C) from Buy to Hold in a statement released earlier today.
- Updated: November 28, 2016
Jefferies & Co has downgraded Citigroup Inc. (NYSE:C) from Buy to Hold in a statement released on 11/28/2016.
Previously on 11/21/2016, Vetr Inc. reported on Citigroup Inc. (NYSE:C) increased the target price from $0.00 to $48.79. At the time, this indicated a possible downside of -0.12%.
Displaying a price of $55.88, Citigroup Inc. (NYSE:C) traded -1.22% lower on the day. With the last close up 20.38% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $51.14 and a two hundred day average of $46.59. Volume of trade was down over the average, with 5,451,668 shares of C changing hands under the typical 20,205,100
With a total market value of $0, Citigroup Inc. has price-earnings ratio of 12.20 with a one year low of $34.52 and a one year high of $56.83 .
Also covering Citigroup Inc.'s price target, a total of 26 brokerages have issued a ratings update on Citigroup Inc.. The 12-month price target is $56.12 with zero equity analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Citigroup Inc. (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 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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