Citigroup was Downgraded to a Hold Rating at Jefferies

By Carrie Williams

Jefferies analyst Ken Usdin downgraded Citigroup (NYSE: C) to Hold today. The company’s shares closed last Friday at $56.78, close to its 52-week high of $56.83.

According to, Usdin is a top 25 analyst with an average return of 19.6% and a 85.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Astoria Financial Corp., and Capital One Financial.

Currently, the analyst consensus on Citigroup is Moderate Buy and the average price target is $60.80, representing a 7.1% upside.

In a report issued on November 18, Macquarie also downgraded the stock to Hold.

Citigroup’s market cap is currently $161.8B and has a P/E ratio of 12.33. The company has a book value ratio of 0.7621.

Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2015, Jeffrey R. Walsh, the Controller of C sold 6,000 shares for a total of $346,020.