Jefferies downgraded Citigroup (NYSE:C) from Buy to Hold in a report released today.
- Updated: November 28, 2016
Jefferies has downgraded Citigroup (NYSE:C) from Buy to Hold in a report released on Monday November 28, 2016.
Previously on 11/21/2016, Vetr Inc. reported about Citigroup (NYSE:C) raised the target price from $0.00 to $48.79. At the time, this indicated a possible downside of -0.12%.
Yesterday Citigroup (NYSE:C) traded -1.22% lower at $56.78. C’s 50-day average is $51.14 and its two hundred day average is $46.59. With the last stock price close up 20.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 5,451,668 shares of C traded hands, down from an average trading volume of 20,205,100
Recent Performance Chart
Citigroup has 52 week low of $34.52 and a 52 week high of $56.83 with a PE ratio of 12.20 and has a market capitalization of $0.
In addition to Jefferies reporting its stock price target, a total of 26 brokers have issued a research note on the stock. The consensus target price is $56.12 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About 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 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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