Barclays PLC Upgraded to Buy at AlphaValue (BARC)
Barclays PLC (LON:BARC) was upgraded by stock analysts at AlphaValue to a “buy” rating in a report issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a GBX 344.20 ($5.47) price objective on the stock. AlphaValue’s target price would suggest a potential upside of 24.17% from the stock’s previous close.
Barclays PLC (LON:BARC) opened at 279.05 on Thursday. 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 289.5 and its 200-day moving average is GBX 299.0. The company’s market cap is £35.370 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Tuesday. They now have a GBX 310 ($4.92) price target on the stock.
Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 334.29 ($5.31).
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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