Key Highlights:
- Citigroup boosts its quarterly dividend to $0.60 per share, a 7.1% increase.
- Analysts predict a potential 6.12% upside for Citigroup's stock price.
- GuruFocus estimates suggest a potential downside based on GF Value.
Citigroup's Commitment to Shareholders
In a move that reflects its dedication to shareholder value, Citigroup (C, Financial) has declared an increase in its quarterly dividend from $0.56 to $0.60 per share. This 7.1% increase comes as a robust statement of confidence amidst a challenging economic climate, showcasing Citigroup's strategic focus on rewarding its investors.
Wall Street Outlook: Analyst Projections
According to projections by 21 analysts, Citigroup Inc (C, Financial) is expected to see its stock price rise. The average price target is set at $98.78, with forecasts ranging from a high of $123.00 to a low of $71.21. This average target suggests a potential upside of 6.12% from the current trading price of $93.09. For more in-depth forecast data, please visit the Citigroup Inc (C) Forecast page.
Brokerage Recommendations: "Outperform"
Citigroup currently holds an average brokerage recommendation score of 2.0, as surveyed from 22 brokerage firms, indicating an "Outperform" status. The brokerage recommendation scale spans from 1 to 5, with 1 representing a Strong Buy and 5 suggesting a Sell.
Evaluating GF Value: Potential Downside
According to GuruFocus' estimates, Citigroup Inc (C, Financial) has a calculated GF Value of $61.26 for the next year. This suggests a potential downside of 34.19% from the current share price of $93.09. The GF Value is derived from the stock's historical trading multiples, previous business growth, and future performance projections. For more comprehensive data, explore the Citigroup Inc (C) Summary page.
