Nomura Reiterates “Buy” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reiterated by equities researchers at Nomura in a research report issued on Tuesday, American Banking and Market News reports. They currently have a GBX 330 ($5.42) target price on the stock. Nomura’s price target points to a potential upside of 24.46% from the company’s current price.
Shares of Barclays PLC (LON:BARC) traded down 0.21% during mid-day trading on Tuesday, hitting GBX 265.15. The stock had a trading volume of 32,595,538 shares. 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 273.8 and a 200-day moving average of GBX 276.. The company’s market cap is £33.608 billion.
A number of other firms have also recently commented on BARC. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barclays PLC in a research note to investors on Tuesday. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Barclays PLC in a research note to investors on Tuesday. They now have a GBX 300 ($4.93) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Barclays PLC in a research note to investors on Monday. They now have a GBX 290 ($4.77) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 319.55 ($5.25).
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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