KBW Issues a Buy Rating on Citizens Financial

By Ryan Adsit

In a report released today, Brian Klock from KBW reiterated a Buy rating on Citizens Financial (NYSE: CFG), with a price target of $41. The company’s shares opened today at $34.90.

According to TipRanks.com, Klock is a 4-star analyst with an average return of 11.6% and a 64.5% success rate. Klock covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, First Bancorp Puerto Rico, and Huntington Bancshares Inc.

Currently, the analyst consensus on Citizens Financial is Moderate Buy and the average price target is $39, representing an 11.7% upside.

In a report released today, Piper Jaffray also upgraded the stock to Buy with a $41 price target.

Citizens Financial’s market cap is currently $17.52B and has a P/E ratio of 17.81. The company has a book value ratio of 0.9260.

Based on the recent corporate insider activity of 42 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.