How Long Will It Take Citigroup's Stock to Double?
The last decade has been tumultuous for Citigroup (NYSE: C), which nearly failed in the financial crisis and has been focused on turning things around ever sense. But if the bank continues on its current course, its long-term shareholders could see impressive returns.
Over the past five years, Citigroup's book value per share, which heavily dictates a bank's share price over a long period of time, has increased on a year-over-year basis by a median of 5.4%. That won't make you rich overnight, but the returns will add up if given enough time to season.
Assuming that Citigroup's book value per share continues to grow at this rate, then the figure will double in 13 to 14 years. It'll then triple in 21 years and quadruple in 27 years.
Source: Fool.com
Citigroup Inc. Stock
The stock is one of the favorites of our community with 21 Buy predictions and 3 Sell predictions.
With a target price of 73 € there is a positive potential of 23.85% for Citigroup Inc. compared to the current price of 58.94 €.
