RBC Capital Keeps Their Buy Rating on Citizens Financial (CFG)
In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Buy rating on Citizens Financial, with a price target of $70.00. The company’s shares closed yesterday at $64.41.
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According to TipRanks, Cassidy is a 5-star analyst with an average return of 14.2% and a 70.46% success rate. Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, Fifth Third Bancorp, and JPMorgan Chase.
Currently, the analyst consensus on Citizens Financial is a Strong Buy with an average price target of $72.19, representing a 12.08% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a $77.00 price target.
Based on Citizens Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.16 billion and a net profit of $528 million. In comparison, last year the company earned a revenue of $3.03 billion and had a net profit of $401 million
Based on the recent corporate insider activity of 71 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. Last month, Susan LaMonica, the CHRO of CFG sold 13,258.00 shares for a total of $769,494.32.
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