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RBC Capital Thinks Citigroup’s Stock is Going to Recover

In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Buy rating on Citigroup (CResearch Report), with a price target of $73.00. The company’s shares closed last Monday at $55.92, close to its 52-week low of $53.83.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 28.5% and a 79.0% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Fifth Third Bancorp, and Goldman Sachs Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Citigroup with a $73.28 average price target, which is a 30.4% upside from current levels. In a report issued on March 14, Wells Fargo also maintained a Buy rating on the stock with a $70.00 price target.

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The company has a one-year high of $80.29 and a one-year low of $53.83. Currently, Citigroup has an average volume of 27.08M.

Based on the recent corporate insider activity of 101 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 C 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.

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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