Barclays PLC Given “Buy” Rating at AlphaValue (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by equities researchers at AlphaValue in a research report issued on Thursday, American Banking & Market News reports. They currently have a GBX 342 ($5.52) price target on the stock. AlphaValue’s price objective suggests a potential upside of 25.48% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale upgraded shares of Barclays PLC (LON:BARC) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a GBX 320 ($5.16) price target on the stock, down previously from GBX 325 ($5.24). Separately, analysts at Nomura cut their price target on shares of Barclays PLC (LON:BARC) from GBX 340 ($5.49) to GBX 330 ($5.32) in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC (LON:BARC) in a research note to investors on Thursday, September 26th. They now have a GBX 370 ($5.97) price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. Barclays PLC presently has an average rating of “Buy” and an average price target of GBX 332.28 ($5.36).
Barclays PLC (LON:BARC) traded up 0.17% during mid-day trading on Thursday, hitting GBX 273.00. 29,881,026 shares of the company’s stock traded hands. Barclays PLC has a 52-week low of GBX 200.73 and a 52-week high of GBX 312.411. The stock has a 50-day moving average of GBX 288.7 and a 200-day moving average of GBX 298.7. The company’s market cap is £34.603 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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