Barclays PLC Given New GBX 330 Price Target at Citigroup Inc. (BARC)
Equities research analysts at Citigroup Inc. lifted their target price on shares of Barclays PLC (LON:BARC) from GBX 320 ($5.25) to GBX 330 ($5.42) in a research note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price would suggest a potential upside of 18.62% from the company’s current price.
A number of other firms have also recently commented on BARC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Wednesday. 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 ($5.17) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Barclays PLC in a research note to investors on Monday. They now have a GBX 300 ($4.92) price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company. Barclays PLC currently has a consensus rating of “Buy” and a consensus price target of GBX 321.55 ($5.28).
Shares of Barclays PLC (LON:BARC) traded down 0.86% on Wednesday, hitting GBX 278.20. 39,777,424 shares of the company’s stock traded hands. Barclays PLC has a 52 week low of GBX 246.65 and a 52 week high of GBX 338.20. The stock’s 50-day moving average is GBX 271.0 and its 200-day moving average is GBX 278.3. The company’s market cap is £35.262 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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