Jefferies Group Initiates Coverage on Barclays PLC (BARC)
Equities researchers at Jefferies Group initiated coverage on shares of Barclays PLC (LON:BARC) in a research report issued on Friday, American Banking & Market News reports. The firm set a “buy” rating and a GBX 367 ($5.74) price target on the stock. Jefferies Group’s target price indicates a potential upside of 19.97% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Thursday. They now have a GBX 345 ($5.39) price target on the stock. Separately, 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. Finally, 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.
Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. Barclays PLC has an average rating of “Buy” and a consensus price target of GBX 341 ($5.33).
Barclays PLC (LON:BARC) traded down 1.41% on Friday, hitting GBX 301.60. The stock had a trading volume of 35,957,812 shares. Barclays PLC has a 1-year low of GBX 211.80 and a 1-year high of GBX 338.20. The stock’s 50-day moving average is GBX 291.4 and its 200-day moving average is GBX 299.3. The company’s market cap is £38.228 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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