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Citigroup’s Stock Performance: What Analyst Ratings Suggest

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Analysts’ ratings

In April 2017, 17 of the 29 analysts covering Citigroup (C) stock, or ~58.6%, gave it “buy” or “strong buy” ratings. Nine analysts have given it “hold” ratings, and three analysts have given it “underperform” or “sell” ratings. Citigroup’s mean price target is $64.74 per share, implying an 11.5% rise from its current level.

Since January 2017, its overall rating has deteriorated marginally. Its “strong buy” or “buy” ratings fell from 20 to 17 analysts. “Underperform” or “sell” ratings rose from two to three on an expected slowdown in the bank’s performance.

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Competitors’ ratings

Let’s look at the ratings for Citigroup’s major competitors. For Bank of America (BAC), 24 of the 31 analysts covering the stock gave it “buy” or “strong buy” ratings. Six analysts have rated the company as a “hold.” For J.P. Morgan (JPM), 15 of the 29 analysts covering the stock rated it a “buy” or “strong buy.” Thirteen analysts rated it a “hold,” and one rated it a “sell.” For Wells Fargo (WFC), 12 of the 31 analysts covering its stock gave it “buy” or “strong buy” ratings. Thirteen analysts gave it “hold” ratings, and six analysts gave it “underperform” or “sell” ratings.

Together, Citigroup’s peers account for 29.1% of the Financial Select Sector SPDR ETF (XLF).

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