Citigroup Inc. Reiterates “Buy” Rating for Barclays PLC (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a report released on Wednesday, Analyst Ratings Net reports. They currently have a GBX 330 ($5.41) price target on the stock. Citigroup Inc.’s target price would indicate a potential upside of 25.55% from the stock’s previous close.
Shares of Barclays PLC (LON:BARC) traded down 1.02% on Wednesday, hitting GBX 262.00. The stock had a trading volume of 32,578,700 shares. Barclays PLC has a 52 week low of GBX 246.65 and a 52 week 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 £33.209 billion.
BARC has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Barclays PLC in a research note on Wednesday. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of Barclays PLC in a research note on Wednesday. They now have a GBX 220 ($3.61) price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 318.97 ($5.23).
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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