UBS AG upgraded shares of Citigroup (NYSE: C) from a neutral rating to a buy rating in a research note released on Monday morning. They currently have $62.00 price target on the stock, up from their previous price target of $43.00.

Shares of Citigroup traded down 0.79% during mid-day trading on Monday, hitting $46.58. Citigroup has a 52 week low of $24.61 and a 52 week high of $47.92. The stock’s 50-day moving average is currently $43.24. The company has a market cap of $141.5 billion and a P/E ratio of 19.23.

A number of other analysts have also recently weighed in on C. Analysts at Sanford C. Bernstein raised their price target on shares of Citigroup from $47.00 to $49.00 in a research note to investors on Wednesday, March 6th. They now have an outperform rating on the stock. Separately, analysts at Drexel Hamilton reiterated a buy rating on shares of Citigroup in a research note to investors on Wednesday, March 6th. They now have a $51.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Citigroup from a hold rating to a buy rating in a research note to investors on Tuesday, March 5th.

Twenty-one equities research analysts have rated the stock with a buy rating, four have issued an overweight rating, four have issued a hold rating, one has assigned an underweight rating, and one has assigned a sell rating to the company’s stock. The company currently has a consensus rating of overweight and a consensus price target of $50.61.

Citigroup Inc. is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services.

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