Filed under: Earnings reports, Analyst reports, Analyst upgrades and downgrades, Forecasts, Citigroup Inc. (C)

With all of the problems at Citigroup (NYSE:C), it would seem improbable that the shares would make a big run. The company still has no CEO, and Moody’s has just written down more of the assets in structured investment vehicles attached to the big bank. Wall Street does not know how big the Citi write-offs will be for the fourth quarter, but they are likely to be staggering.

Thomson shows that the current consensus recommendation of 19 analysts who follow the Citigroup is 2.53 on a buy/sell scale of 1 to 5. That seems pretty high for a bank that is in so much trouble.

The price targets on the bank also appear lofty. The median target price is $43 against a current share price of $33.30. Analysts have looked unrealistic before, and they will again. There is little reason to think Citi is heading to above $40 anytime soon, even if the company announced a strong selection for CEO.

Douglas A. McIntyre is an editor at 247wallst.com.

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This entry was posted on Monday, December 3rd, 2007 at 3:20 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.