Citigroup Inc. Reiterates Buy Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Monday, American Banking News reports. They currently have a GBX 320 ($5.27) target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 10.88% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Thursday, January 9th. They now have a GBX 330 ($5.44) 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 Wednesday, January 8th. They now have a GBX 315 ($5.19) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Tuesday, January 7th. They now have a GBX 356 ($5.87) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company. Barclays PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 321.09 ($5.29).
Shares of Barclays PLC (LON:BARC) opened at 288.60 on Monday. Barclays PLC has a 52 week low of GBX 246.65 and a 52 week high of GBX 312.411. The stock has a 50-day moving average of GBX 270.0 and a 200-day moving average of GBX 278.5. The company’s market cap is £36.580 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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