KBW Believes CFG Won’t Stop Here

By Ryan Adsit

Citizens Financial (NYSE: CFG) received a Buy rating from KBW analyst Brian Klock today. The company’s shares closed yesterday at $31.78, close to its 52-week high of $32.63.

According to TipRanks.com, Klock is a 4-star analyst with an average return of 7.2% and a 66.7% success rate. Klock covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, First Bancorp Puerto Rico, and Oriental Financial Group.

Citizens Financial has an analyst consensus of Hold, with a price target consensus of $28.67.

Citizens Financial’s market cap is currently $16.47B and has a P/E ratio of 17.18. The company has a book value ratio of 0.8261.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CFG in relation to earlier this year.

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.