Barclays Capital (BCS) Analysts Lower Price Target on Citigroup (C) to $55.00
Monday, July 18, 2021 1:41 PM

Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Citigroup (NYSE: C) from $60.00 to $55.00 in a research note to investors on Monday. The analysts currently have an "overweight" rating on the stock.

Separately, analysts at Oppenheimer (NYSE: OPY) cut their price target on shares of Citigroup from $55.00 to $53.00 in a research note to investors on Monday. They now have an "outperform" rating on the stock. Also, analysts at Standpoint Research initiated coverage on shares of Citigroup in a research note to investors on Tuesday, June 21st. They set a "buy" rating and a $55.00 price target on the stock.

Shares of Citigroup traded down 3.30% during mid-day trading on Tuesday, hitting $37.1128. Citigroup has a 52 week low of $36.30 and a 52 week high of $51.50. The stock's 50-day moving average is $39.63 and its 200-day moving average is $44.44. The company has a market cap of $108.4 billion and a price-to-earnings ratio of 12.55.

Citigroup last announced its quarterly results on Friday, July 15th. The company reported $1.09 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.96 EPS by $0.13. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Citigroup will post $1.00 EPS next quarter.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company. The Company provides consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2009, Citigroup had approximately 200 million customer accounts and did business in more than 140 countries. Citigroup operates through two primary business segments: Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP). In April 2010, Barclays PLC acquired Italian credit card business of Citibank International Bank plc. In May 2010, the Company announced the creation of a new Collateral Management Services unit within its Securities and Fund Services business.

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