The stock of Citizens Financial Group Inc (NYSE:CFG) hit a new 52-week high and has $42.83 target or 57.00% above today’s $27.28 share price. The 5 months bullish chart indicates low risk for the $14.17B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $42.83 price target is reached, the company will be worth $8.08B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.36 million shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 27.22% since April 5, 2016 and is uptrending. It has outperformed by 25.26% the S&P500.
Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage
Out of 18 analysts covering Citizens Financial Group (NYSE:CFG), 12 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 67% are positive. Citizens Financial Group has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Monday, October 24 the stock rating was maintained by Wedbush with “Outperform”. The company was initiated on Friday, October 7 by Wedbush. The stock has “Outperform” rating given by Oppenheimer on Tuesday, January 5. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Equal-Weight” rating given on Monday, January 25 by Barclays Capital. The company was maintained on Monday, June 6 by Citigroup. The firm has “Outperform” rating given on Wednesday, August 26 by Bernstein. Citigroup upgraded Citizens Financial Group Inc (NYSE:CFG) on Monday, October 12 to “Buy” rating. As per Wednesday, October 12, the company rating was maintained by Citigroup. As per Monday, October 26, the company rating was maintained by RBC Capital Markets. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Outperform” rating given on Monday, January 25 by Oppenheimer.
According to Zacks Investment Research, “Citizens Financial Group, Inc. is a retail bank holding company. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. The Bank offers consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services. It also operates online, telephone, and mobile banking platforms. Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island.”
Insitutional Activity: The institutional sentiment increased to 1.66 in 2016 Q2. Its up 0.25, from 1.41 in 2016Q1. The ratio increased, as 39 funds sold all Citizens Financial Group Inc shares owned while 109 reduced positions. 58 funds bought stakes while 187 increased positions. They now own 480.62 million shares or 3.26% less from 496.81 million shares in 2016Q1.
Jupiter Asset Mngmt Ltd reported 111,000 shares or 0.08% of all its holdings. Balyasny Asset Lc last reported 0.06% of its portfolio in the stock. Babson Cap Management Limited Liability holds 0.03% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 62,400 shares. Synovus Fin reported 363 shares or 0% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt reported 51,400 shares or 0.05% of all its holdings. Fsi Gp Limited Liability Co last reported 1.34% of its portfolio in the stock. Macquarie Limited owns 7,700 shares or 0% of their US portfolio. Seven Eight Cap Ltd Llc accumulated 0.84% or 121,800 shares. Pzena Inv Management Ltd Llc last reported 2.10M shares in the company. Pnc, a Pennsylvania-based fund reported 43,137 shares. Point72 Asset Management Ltd Partnership holds 0% or 5,500 shares in its portfolio. Voya Investment Mgmt Ltd Company, a Georgia-based fund reported 330,828 shares. The Sweden-based Nordea Mngmt Ab has invested 0% in Citizens Financial Group Inc (NYSE:CFG). Moreover, Alliancebernstein Lp has 0.18% invested in Citizens Financial Group Inc (NYSE:CFG) for 10.35 million shares. Oppenheimer & owns 59,879 shares or 0.04% of their US portfolio.
More important recent Citizens Financial Group Inc (NYSE:CFG) news were published by: Businesswire.com which released: “Citizens Financial Group to Present at Goldman Sachs US Financial Services …” on November 01, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …”, Nasdaq.com published: “Citizens Financial Group, Inc. (CFG) Ex-Dividend Date Scheduled for October 31 …” on October 28, 2016. More interesting news about Citizens Financial Group Inc (NYSE:CFG) was released by: Finance.Yahoo.com and their article: “Citizens Financial Group posts 3Q profit” with publication date: October 21, 2016.
CFG Company Profile
Citizens Financial Group, Inc., incorporated on November 21, 1984, is a retail bank holding firm in the United States. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. The Firm operates approximately 1,200 branches in over 10 states footprint across the New England, Mid-Atlantic and Midwest regions, and through its online, telephone and mobile banking platforms. The Firm operates in two divisions: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.