Citigroup Shares Upgrade from “Neutral” to “Overweight”

May 9, 2011 by admin · Leave a Comment · 336 views
Filed under: Bussiness & Finances 

Equities research analysts at Morgan Stanley (NYSE: MS) upgraded shares of Citigroup (NYSE: C) from a “neutral” rating to an “overweight” rating in a analysis observe to traders on Friday. The analysts currently have a very $6.00 price target within the stock.

Individually, analysts at UBS AG (NYSE: UBS) initiated protection on shares of Citigroup in a very analysis observe to investors on Wednesday, May 4th. They set a “buy” rating plus a $5.60 price target on the stock. Also, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Citigroup in a investigation notice to traders on Tuesday, April 19th. They now have a $4.75 price target around the stock.

Shares of Citigroup opened at 4.52 on Monday. Citigroup has a 52 week low of $3.53 as well as a 52 week higher of $5.15. The stock’s 50-day relocating average is $4.49 and its 200-day moving average is $4.56. The company has a market cap of $13.201 billion and a price-to-earnings ratio of 1.46.

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