Wall Street is positive on Citigroup Inc (C). On average, analysts give Citigroup Inc a Buy rating. The average price target is $61.6, which means analysts expect the stock to increase by 14.16% over the next twelve months.
That average ranking earns Citigroup Inc an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating C a Buy today. Find out what this means to you and get the rest of the rankings on C!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Citigroup Inc Stock Today?
Citigroup Inc (C) stock is trading at $53.96 as of 3:49 PM on Thursday, Aug 11, a gain of $0.76, or 1.43% from the previous closing price of $53.20. The stock has traded between $53.75 and $54.47 so far today. Volume today is low. So far 10,326,156 shares have traded compared to average volume of 20,024,348 shares.
Click Here to get the full Stock Report for Citigroup Inc stock.