Barclays PLC Given Buy Rating at Citigroup Inc. (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 345 ($5.39) price objective on the stock. Citigroup Inc.’s price target suggests a potential upside of 12.58% from the company’s current price.
A number of other analysts have also recently weighed in on BARC. Analysts at Espirito Santo Investment Bank Research cut their price target on shares of Barclays PLC (LON:BARC) from GBX 418 ($6.54) to GBX 370 ($5.78) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at AlphaValue downgraded shares of Barclays PLC (LON:BARC) to an “add” rating in a research note to investors on Monday. They now have a GBX 342.10 ($5.35) price target on the stock. Finally, analysts at Berenberg Bank raised their price target on shares of Barclays PLC (LON:BARC) from GBX 160 ($2.50) to GBX 180 ($2.81) in a research note to investors on Tuesday, September 3rd. They now have a “sell” rating on the stock.
Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 339.91 ($5.31).
Barclays PLC (LON:BARC) traded down 0.18% during mid-day trading on Thursday, hitting GBX 305.90. 28,432,816 shares of the company’s stock traded hands. The stock’s 50-day moving average is GBX 292.3 and its 200-day moving average is GBX 299.. The company’s market cap is £38.773 billion.
Barclays PLC (LON:BARC) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services.
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