Citizens Financial Group (NYSE:CFG) Downgraded by UBS Group
UBS Group lowered shares of Citizens Financial Group (NYSE:CFG) from a buy rating to a neutral rating in a report released on Wednesday morning, Briefing.com Automated Import reports. UBS Group currently has $38.00 target price on the bank’s stock, down from their prior target price of $40.00.
CFG has been the subject of several other reports. Argus initiated coverage on Citizens Financial Group in a research note on Wednesday, June 19th. They issued a hold rating for the company. Wedbush set a $13.00 price objective on SLM and gave the stock a buy rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. initiated coverage on Pinduoduo in a research note on Tuesday. They issued an underweight rating and a $20.48 price objective for the company. Zacks Investment Research upgraded H&E Equipment Services from a hold rating to a buy rating and set a $27.00 price objective for the company in a research note on Monday, March 25th. Finally, ValuEngine upgraded Alleghany from a hold rating to a buy rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Citizens Financial Group has an average rating of Hold and a consensus target price of $40.21.
Shares of NYSE:CFG opened at $35.75 on Wednesday. Citizens Financial Group has a 52-week low of $27.62 and a 52-week high of $41.76. The stock has a market capitalization of $16.30 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.96. The business has a 50-day moving average price of $34.67.
Institutional investors have recently bought and sold shares of the stock. Semmax Financial Advisors Inc. acquired a new stake in Citizens Financial Group in the fourth quarter valued at approximately $26,000. Zions Bancorporation N.A. acquired a new stake in Citizens Financial Group in the first quarter valued at approximately $29,000. PRW Wealth Management LLC acquired a new stake in Citizens Financial Group in the fourth quarter valued at approximately $32,000. Liberty Wealth Management LLC acquired a new stake in Citizens Financial Group in the first quarter valued at approximately $34,000. Finally, Sageworth Trust Co acquired a new stake in Citizens Financial Group in the first quarter valued at approximately $50,000. 95.49% of the stock is currently owned by hedge funds and other institutional investors.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.