Berenberg Bank Reiterates “Sell” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “sell” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Friday, American Banking and Market News reports. They currently have a GBX 220 ($3.62) target price on the stock. Berenberg Bank’s price target indicates a potential downside of 19.27% from the stock’s previous close.
BARC has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Thursday. They now have a GBX 320 ($5.27) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Wednesday. They now have a GBX 356 ($5.87) price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Barclays PLC in a research note to investors on Tuesday. They now have a GBX 295 ($4.86) 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 320.49 ($5.28).
Barclays PLC (LON:BARC) traded down 0.93% during mid-day trading on Friday, hitting GBX 272.50. 49,273,968 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 272. and a 200-day moving average of GBX 277.2. The company’s market cap is £34.539 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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