Barclays PLC Price Target Cut to GBX 325 (BARC)
Research analysts at Deutsche Bank dropped their price target on shares of Barclays PLC (LON:BARC) from GBX 370 ($5.94) to GBX 325 ($5.21) in a report released on Wednesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 21.18% from the company’s current price.
Shares of Barclays PLC (LON:BARC) traded up 0.56% on Wednesday, hitting GBX 269.70. The stock had a trading volume of 21,549,448 shares. Barclays PLC has a one year low of GBX 203.322 and a one year 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 £34.184 billion.
A number of other firms have also recently commented on BARC. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays PLC in a research note to investors on Tuesday. They now have a GBX 280 ($4.49) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays PLC in a research note to investors on Monday. They now have a GBX 315 ($5.05) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Monday. They now have a GBX 325 ($5.21) price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Barclays PLC currently has an average rating of “Buy” and an average price target of GBX 326.13 ($5.23).
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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