Barclays PLC’s Sell Rating Reaffirmed at Berenberg Bank (BARC)
Barclays PLC (LON:BARC)‘s stock had its “sell” rating reiterated by research analysts at Berenberg Bank in a report released on Wednesday, ARN reports. They currently have a GBX 220 ($3.61) target price on the stock. Berenberg Bank’s target price suggests a potential downside of 15.97% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Barclays PLC in a research note on Tuesday. They now have a GBX 310 ($5.09) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Barclays PLC from GBX 320 ($5.25) to GBX 325 ($5.33) in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Barclays PLC in a research note on Tuesday. They now have a GBX 280 ($4.59) price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 318.97 ($5.23).
Shares of Barclays PLC (LON:BARC) traded down 1.44% during mid-day trading on Wednesday, hitting GBX 260.8963. The stock had a trading volume of 42,570,724 shares. Barclays PLC has a 1-year low of GBX 246.65 and a 1-year high of GBX 312.411. The stock’s 50-day moving average is GBX 275.4 and its 200-day moving average is GBX 274.3. The company’s market cap is £33.069 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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