Barclays PLC Rating Reiterated by Numis Securities Ltd (BARC)
Barclays PLC (LON:BARC)‘s stock had its “reduce” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Thursday, American Banking News reports. They currently have a GBX 222 ($3.52) target price on the stock. Numis Securities Ltd’s price objective suggests a potential downside of 19.91% from the company’s current price.
A number of other firms have also recently commented on BARC. Analysts at AlphaValue upgraded shares of Barclays PLC (LON:BARC) to a “buy” rating in a research note to investors on Thursday. They now have a GBX 344.20 ($5.47) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Wednesday. They now have a GBX 315 ($5.00) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral/neutral” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Wednesday. They now have a GBX 332.55 ($5.28) price target on the stock.
Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 335.75 ($5.33).
Shares of Barclays PLC (LON:BARC) opened at 278.95 on Thursday. Barclays PLC has a 52 week low of GBX 211.80 and a 52 week high of GBX 338.20. The stock’s 50-day moving average is GBX 289.5 and its 200-day moving average is GBX 299.0. The company’s market cap is £35.357 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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