Barclays (BARC) PT Set at GBX 215 by Goldman Sachs Group
Barclays (LON:BARC) has been assigned a GBX 215 ($2.78) price objective by stock analysts at Goldman Sachs Group in a research note issued on Wednesday. The firm presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price target would indicate a potential upside of 13.32% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Deutsche Bank dropped their price target on Barclays from GBX 245 ($3.17) to GBX 189.70 ($2.46) and set a “buy” rating on the stock in a research note on Monday, July 16th. JPMorgan Chase & Co. set a GBX 250 ($3.24) price target on Barclays and gave the stock a “buy” rating in a research note on Thursday, April 26th. Morgan Stanley set a GBX 225 ($2.91) price target on Barclays and gave the stock a “neutral” rating in a research note on Thursday, April 26th. Shore Capital restated a “buy” rating and issued a GBX 214 ($2.77) price target on shares of Barclays in a research note on Friday, April 20th. Finally, Royal Bank of Canada set a GBX 220 ($2.85) price target on Barclays and gave the stock a “neutral” rating in a research note on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 226.84 ($2.94).
Barclays opened at GBX 189.72 ($2.46) on Wednesday, Marketbeat.com reports. Barclays has a 1 year low of GBX 177.30 ($2.30) and a 1 year high of GBX 235.35 ($3.05).
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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