Citizens Financial Group (CFG, Financial) has received a revised price target of $45, down from $49, as per Keefe Bruyette analyst David Konrad. The adjustment follows the company's release of its first-quarter results, which presented a mixed picture for investors.
Konrad has maintained a Market Perform rating on the stock, citing concerns about revenues that are sensitive to market fluctuations. The company's capital markets division was highlighted as a particular area of focus, contributing to the cautious outlook. The revised price target reflects the analyst's updated assessment in light of these factors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Citizens Financial Group Inc (CFG, Financial) is $46.59 with a high estimate of $52.00 and a low estimate of $42.60. The average target implies an upside of 31.38% from the current price of $35.46. More detailed estimate data can be found on the Citizens Financial Group Inc (CFG) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Citizens Financial Group Inc's (CFG, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Citizens Financial Group Inc (CFG, Financial) in one year is $43.73, suggesting a upside of 23.32% from the current price of $35.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Citizens Financial Group Inc (CFG) Summary page.
