Bank of America Corp. Reiterates Buy Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by stock analysts at Bank of America Corp. in a report issued on Monday, Analyst Ratings News reports. They currently have a GBX 325 ($5.21) price objective on the stock. Bank of America Corp.’s target price would indicate a potential upside of 19.77% from the company’s current price.
Barclays PLC (LON:BARC) opened at 269.887 on Monday. Barclays PLC has a 52-week low of GBX 203.224 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 £34.208 billion.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Thursday. They now have a GBX 342 ($5.49) price target on the stock. Separately, analysts at Societe Generale upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, October 2nd. They now have a GBX 320 ($5.13) price target on the stock, down previously from GBX 325 ($5.21). Finally, analysts at Nomura cut their price target on shares of Barclays PLC from GBX 340 ($5.45) to GBX 330 ($5.29) in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 330.55 ($5.30).
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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