The stock of Citizens Financial Group, Inc. (NYSE:CFG) is now priced at $26.17 and the shares are 0.3 points up or 1.16% higher compared to its previous closing price of $25.87. The stock had 6.435 million contracts set over the past session. CFG shares’ daily volume is compared to its average trading volume at 5.278 million shares. However, it has a float of 425 million and although its performance was 2.47% over the week, it’s one to watch. Analysts have given the CFG stock a yearly average price target of $29.58 per share. It means the stock’s upside potential is 13.03% with the CFG share price recently placing at $25.53 to $26.51. However, some brokerage firms have priced the stock below the average, including one that has called $24.
The shorts are running away from the Citizens Financial Group, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the CFG shares have declined. Short interest in the stock represents just 1.53% of its float, but the volume has dropped by 0.
In the last trading session, Citizens Financial Group, Inc. (NYSE:CFG) raised by $0.63 over the week and gained $1.96 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $41.29. The stock recorded its established 52-week high on 01/17/20.
Since 03/18/20, the stock has traded to a low of $14.12 at 85.34%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.8. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Citizens Financial Group, Inc.’s two-week RSI is 57.46. This suggests that the stock is neutral at the moment and that CFG shares’ price movement remains stable. The stochastic readings are equally revealing at 67.81% meaning the CFG share price is currently in neutral territory.
The technical chart shows that the CFG stock will likely settle at between $26.61 and $27.05 per share. However, if the stock dips below $25.63, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $25.09.
Currently, the stock is trading in the green of MACD, with a reading of 0.67. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned CFG a rating of Underperform in their intiating review released on July 31. UBS analysts upgraded their recommendation of the stock from Neutral to Buy in a flash note released to investors on May 04. Compass Point analysts see the stock as Neutral when the analysts initiated the share price coverage on April 14.
The average rating for the CFG equity is 1.95 and is currently gathering a bullish momentum. Of 21 analysts tracking Citizens Financial Group, Inc. polled by Reuters, 4 rated CFG as a hold. The remaining 17 analysts were split evenly. However, the split wasn’t equal as a majority (16) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the CFG stock price is 10.23X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 10.5 below the group’s average of 14.6. Citizens Financial Group, Inc. has its P/E ratio at 0.5, which means that the stock is currently trading at a discount relative to the 0.9 industry average.