Barclays (LON:BARC) Rating Reiterated by Shore Capital
Shore Capital reaffirmed their buy rating on shares of Barclays (LON:BARC) in a research report sent to investors on Wednesday, Digital Look reports.
BARC has been the topic of a number of other reports. Deutsche Bank cut their target price on Barclays from GBX 208 ($2.56) to GBX 135 ($1.66) and set a buy rating on the stock in a research report on Tuesday, July 14th. UBS Group reaffirmed a buy rating and set a GBX 140 ($1.72) target price on shares of Barclays in a research report on Monday, July 27th. Morgan Stanley reaffirmed a neutral rating and set a GBX 120 ($1.48) target price on shares of Barclays in a research report on Friday, July 24th. Credit Suisse Group upped their price target on Barclays from GBX 125 ($1.54) to GBX 130 ($1.60) and gave the company a neutral rating in a research report on Thursday, July 23rd. Finally, HSBC upped their price target on Barclays from GBX 160 ($1.97) to GBX 170 ($2.09) and gave the company a buy rating in a research report on Friday, May 22nd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 151.93 ($1.87).
Shares of Barclays stock opened at GBX 100.56 ($1.24) on Wednesday. The stock’s fifty day moving average is GBX 115.10 and its 200-day moving average is GBX 124.69. The firm has a market capitalization of $17.44 billion and a PE ratio of 8.67. Barclays has a 12-month low of GBX 1.13 ($0.01) and a 12-month high of GBX 192.99 ($2.37).
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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