Barclays PLC’s Outperform Rating Reaffirmed at BNP Paribas (BARC)
Barclays PLC (LON:BARC)‘s stock had its “outperform” rating restated by BNP Paribas in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 290 ($4.85) price objective on the stock. BNP Paribas’ target price would suggest a potential upside of 24.38% from the company’s current price.
Barclays PLC (LON:BARC) traded up 1.80% during mid-day trading on Wednesday, hitting GBX 237.35. The stock had a trading volume of 16,692,149 shares. Barclays PLC has a 52 week low of GBX 227.65 and a 52 week high of GBX 312.411. The stock’s 50-day moving average is GBX 243.8 and its 200-day moving average is GBX 261.7. The company’s market cap is £38.237 billion.
BARC has been the subject of a number of other recent research reports. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Barclays PLC in a research note on Tuesday. They now have a GBX 280 ($4.68) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of Barclays PLC in a research note on Wednesday, April 9th. They now have a GBX 220 ($3.68) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays PLC in a research note on Monday, April 7th. They now have a GBX 260 ($4.35) price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company. Barclays PLC currently has an average rating of “Buy” and an average target price of GBX 303.92 ($5.08).
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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