Replies to post #4868 on Citigroup Inc (C)

[NovoMira]

Yessssir! We are looking for a near-term price target of $5.50 based simply on Citigroup trading at 1.0 times its tangible common book value.

Longer term, as the company executes and regains investor confidence, we are projecting a 12-month price target of $8.25 based on both historical and peer group average price-to-tangible-book multiples of 1.5 times.