Where Will Citigroup Be in 3 Years?
The large U.S. money center bank (NYSE: C) has enjoyed quite the run. The stock is up over 75% in the last five years and now trades at over $88 per share (as of July 3), highs not seen since 2008.
Citigroup also trades at about 97% of its tangible book value (TBV), a significant discount to peers, despite having materially grown TBV per share in recent years. Investors are certainly pleased with the progress and wondering if Citigroup can keep the momentum going. Where will the bank be in three years?
Shareholders have been through the ringer with Citigroup. They've dealt with consent orders and lackluster returns, which has kept the stock depressed until recently.
Source Fool.com
Citigroup Inc. Stock
€109.90
2.660%
The stock is an absolute favorite of our community with 46 Buy predictions and no Sell predictions.
On the other hand, the target price of 106 € is below the current price of 109.9 € for Citigroup Inc., so the potential is actually -3.55%.
