In a report released today, Dave Rochester from Compass Point reiterated a Buy rating on Citizens Financial (CFG – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $32.90.
Rochester covers the Financial sector, focusing on stocks such as NY Community, Wells Fargo, and East West Bancorp. According to TipRanks, Rochester has an average return of 7.7% and a 60.00% success rate on recommended stocks.
In addition to Compass Point, Citizens Financial also received a Buy from D.A. Davidson’s Peter Winter in a report issued yesterday. However, on the same day, Barclays maintained a Hold rating on Citizens Financial (NYSE: CFG).
CFG market cap is currently $15.08B and has a P/E ratio of 11.91.
Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CFG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Citizens Financial (CFG) Company Description:
Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.
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