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Analysts of Citigroup forecast strong performance of the European stocks

The analysts of Citigroup have frankly announced their expectations for an 18-percent rally in Europe this year. They forecast the best annual performance of Stoxx Europe 600 since 2009, when it started recovering from the painful global financial crisis. The target set by the analysts of Citigroup for the European benchmark is 460 points. Such increase will also be the best indicator of the region’s performance compared to the United States over the past 13 years.

The analysts are still underestimating the economic recovery in the region, which will boost revenues by 15% this year.

At the same time, Goldman Sachs Group’s economists argue that European stocks are more dependent than ever on continuous growth and are not so optimistic.

The improving economics should help boost profits per share, and stocks look particularly cheap to bonds Europe is in a recovery regime, with the Eurozone growth booming.

The analysts of Citigroup are generally positive about European stocks, although they predicted 13% growth last year and the Stoxx 600 ended in 2017 with a growth of only 7.7%. The estimates in 2016 were also revised slightly downwards as the shares struggled to recover from some of the worst first months of the year.

About James McGovern

James McGovern is from Arizona, USA. He is business analyst and writer at Finance Apprise Journal, responsible for finance and trading sections, as well as news from USA and Canada.

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