Shares of Citizens Financial Group Inc. (NYSE:CFG) traded today at $51.54, eclipsing its 12-month high. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 4 million shares.
Based on a current price of $50.94, Citizens Financial Group Inc. is currently 55.3% above its average consensus analyst price target of $22.75.
Citizens Financial Group is a retail bank holding company operating primarily in the New England, Mid-Atlantic, and Midwest regions of the United States. The bank operates through two segments: consumer and commercial banking. Citizens’ strategy emphasizes differentiation through customer service. Net interest income is the largest source of the bank’s net revenue. Most net interest income is derived from commercial loans, securities, home equity lines of credit, automobile loans, and residential mortgages. Some of CFG’s higher-yielding products include credit cards, home equity loans, and other retail loans.
In the past 12 months, shares of Citizens Financial Group Inc. have traded between a low of $32.58 and a high of $51.54 and are now at $50.94, which is 56% above that low price.
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