Barclays PLC Stock Rating Reaffirmed by Investec (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by equities research analysts at Investec in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 305 ($5.03) target price on the stock. Investec’s target price would indicate a potential upside of 7.55% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Monday. They now have a GBX 320 ($5.27) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Thursday. They now have a GBX 330 ($5.44) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays PLC in a research note to investors on Wednesday, January 8th. They now have a GBX 315 ($5.19) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 324.11 ($5.34).
Shares of Barclays PLC (LON:BARC) traded up 2.56% on Monday, hitting GBX 290.85. 40,660,044 shares of the company’s stock traded hands. Barclays PLC has a 1-year low of GBX 246.65 and a 1-year high of GBX 312.411. The stock has a 50-day moving average of GBX 265.6 and a 200-day moving average of GBX 278.2. The company’s market cap is £36.865 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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