Barclays (BARC) Rating Reiterated by UBS Group

Barclays (LON:BARC)‘s stock had its “buy” rating reaffirmed by analysts at UBS Group in a research note issued on Thursday, Borsen Zeitung reports. They currently have a GBX 220 ($2.87) price objective on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 36.61% from the stock’s previous close.

BARC has been the subject of a number of other reports. Deutsche Bank restated a “buy” rating and set a GBX 207 ($2.70) price objective (down from GBX 207 ($2.70)) on shares of Barclays in a research note on Monday, February 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 280 ($3.66) price objective (up from GBX 263 ($3.44)) on shares of Barclays in a research note on Tuesday, April 16th. Shore Capital restated a “buy” rating on shares of Barclays in a research note on Thursday, February 21st. JPMorgan Chase & Co. reduced their price objective on shares of Barclays from GBX 250 ($3.27) to GBX 220 ($2.87) and set an “overweight” rating for the company in a research note on Monday, January 21st. Finally, Royal Bank of Canada set a GBX 220 ($2.87) price objective on shares of Barclays and gave the company a “neutral” rating in a research note on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Barclays currently has an average rating of “Buy” and an average price target of GBX 220.53 ($2.88).

LON:BARC traded up GBX 0.64 ($0.01) on Thursday, reaching GBX 161.04 ($2.10). 29,318,507 shares of the stock traded hands, compared to its average volume of 50,310,000. The firm has a market cap of $27.74 billion and a P/E ratio of 17.50. Barclays has a 12 month low of GBX 145 ($1.89) and a 12 month high of GBX 217.65 ($2.84).

Barclays Company Profile

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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Analyst Recommendations for Barclays (LON:BARC)

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