J.P. Morgan Maintains Their Hold Rating on Citigroup (C)

J.P. Morgan analyst Vivek Juneja maintained a Hold rating on Citigroup (CResearch Report) on July 27 and set a price target of $60.00. The company’s shares closed last Friday at $51.90.

According to TipRanks.com, Juneja is a 5-star analyst with an average return of 13.9% and a 57.7% success rate. Juneja covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Fifth Third Bancorp, and Citizens Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Citigroup with a $61.32 average price target, representing a 18.6% upside. In a report issued on July 17, Barclays also maintained a Hold rating on the stock with a $64.00 price target.

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Based on Citigroup’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $19.62 billion and net profit of $4.55 billion. In comparison, last year the company earned revenue of $17.47 billion and had a net profit of $6.19 billion.

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Founded in 1812, New York-based Citigroup, Inc. is a financial services holding company, which provides financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate/Other.

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