Barclays PLC (LON:BARC) Receives GBX 200.20 Consensus Price Target from Brokerages

Barclays PLC (LON:BARC) has received an average recommendation of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 198 ($2.59).

Several research firms have recently weighed in on BARC. UBS Group reiterated a “buy” rating and issued a GBX 190 ($2.48) price target on shares of Barclays in a report on Friday, October 25th. Deutsche Bank raised their price objective on shares of Barclays from GBX 205 ($2.68) to GBX 208 ($2.72) and gave the stock a “buy” rating in a report on Friday, November 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 209 ($2.73) price objective on shares of Barclays in a research report on Monday, October 14th. Citigroup reaffirmed a “sell” rating on shares of Barclays in a research note on Thursday, November 7th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Friday, October 25th.

In other Barclays news, insider Dawn Fitzpatrick acquired 473,406 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of GBX 170 ($2.22) per share, with a total value of £804,790.20 ($1,051,600.94).

BARC stock traded up GBX 2.24 ($0.03) during mid-day trading on Monday, hitting GBX 169.40 ($2.21). 20,971,015 shares of the company were exchanged, compared to its average volume of 50,310,000. Barclays has a 1-year low of GBX 131.04 ($1.71) and a 1-year high of GBX 176.19 ($2.30). The firm’s 50 day simple moving average is GBX 168.94 and its 200 day simple moving average is GBX 154.83. The firm has a market cap of $29.33 billion and a P/E ratio of 16.77.

About Barclays

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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