Citizens Financial Gets a Hold Rating from Jefferies

By Carrie Williams

In a report released yesterday, Ken Usdin from Jefferies reiterated a Hold rating on Citizens Financial (NYSE: CFG), with a price target of $39. The company’s shares closed yesterday at $35.16.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Citizens Financial is Moderate Buy and the average price target is $38.20, representing an 8.6% upside.

In a report issued on September 5, Robert W. Baird also reiterated a Hold rating on the stock with a $35 price target.

Based on Citizens Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.57 billion and quarterly net profit of $318 million. In comparison, last year the company earned revenue of $1.4 billion and had a net profit of $243 million.

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Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking.