Barclays PLC Price Target Increased to GBX 320 by Analysts at Citigroup Inc. (BARC)
Analysts at Citigroup Inc. increased their price target on shares of Barclays PLC (LON:BARC) from GBX 319 ($5.11) to GBX 320 ($5.13) in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 20.14% from the company’s current price.
A number of other firms have also recently commented on BARC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Monday. They now have a GBX 370 ($5.93) price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Thursday. They now have a GBX 277.12 ($4.44) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Thursday. They now have a GBX 222 ($3.56) price target on the stock.
Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 332.95 ($5.33).
Shares of Barclays PLC (LON:BARC) traded down 2.60% during mid-day trading on Monday, hitting GBX 266.35. The stock had a trading volume of 86,591,944 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 288.7 and its 200-day moving average is GBX 298.7. The company’s market cap is £33.760 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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