Barclays PLC (BARC) Receives Average Recommendation of “Buy” from Brokerages
Barclays PLC (LON:BARC) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 218.85 ($2.86).
A number of research analysts have recently issued reports on BARC shares. HSBC dropped their price target on shares of Barclays from GBX 270 ($3.53) to GBX 240 ($3.14) and set a “buy” rating on the stock in a research report on Friday, January 18th. Deutsche Bank restated a “buy” rating and issued a GBX 207 ($2.70) price target (down previously from GBX 207 ($2.70)) on shares of Barclays in a research report on Monday, February 4th. JPMorgan Chase & Co. set a GBX 220 ($2.87) price target on shares of Barclays and gave the stock a “buy” rating in a research report on Monday, January 28th. UBS Group set a GBX 235 ($3.07) price objective on shares of Barclays and gave the company a “buy” rating in a research note on Thursday, February 21st. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research note on Thursday, February 21st.
Shares of LON BARC opened at GBX 158.88 ($2.08) on Thursday. The company has a market capitalization of $27.49 billion and a PE ratio of 8.23. Barclays has a 52-week low of GBX 145 ($1.89) and a 52-week high of GBX 216.80 ($2.83).
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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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