Citizens Financial Group (NYSE:CFG) Downgraded to “Neutral” at UBS Group
UBS Group downgraded shares of Citizens Financial Group (NYSE:CFG) from a buy rating to a neutral rating in a report released on Wednesday, Briefing.com Automated Import reports. UBS Group currently has $38.00 target price on the bank’s stock, down from their previous target price of $40.00.
A number of other equities research analysts also recently commented on CFG. Zacks Investment Research upgraded H&E Equipment Services from a hold rating to a buy rating and set a $27.00 target price on the stock in a research report on Monday, March 25th. Argus initiated coverage on Citizens Financial Group in a research report on Wednesday, June 19th. They issued a hold rating on the stock. JPMorgan Chase & Co. initiated coverage on Pinduoduo in a research report on Tuesday. They issued an underweight rating and a $20.48 target price on the stock. ValuEngine upgraded Alleghany from a hold rating to a buy rating in a research report on Friday, April 19th. Finally, Wedbush set a $13.00 target price on SLM and gave the company a buy rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Citizens Financial Group presently has a consensus rating of Hold and a consensus price target of $40.21.
Shares of Citizens Financial Group stock opened at $35.75 on Wednesday. Citizens Financial Group has a one year low of $27.62 and a one year high of $41.76. The stock has a market capitalization of $16.30 billion, a P/E 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 stock’s 50 day moving average is $34.67.
A number of large investors have recently bought and sold shares of CFG. Semmax Financial Advisors Inc. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at $26,000. Zions Bancorporation N.A. acquired a new stake in shares of Citizens Financial Group in the first quarter valued at $29,000. PRW Wealth Management LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at $32,000. Liberty Wealth Management LLC acquired a new stake in shares of Citizens Financial Group in the first quarter valued at $34,000. Finally, Sageworth Trust Co acquired a new stake in shares of Citizens Financial Group in the first quarter valued at $50,000. Institutional investors own 95.49% of the company’s stock.
About Citizens Financial Group
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.
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