Barclays PLC Stock Rating Reaffirmed by Berenberg Bank (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research report issued to clients and investors on Friday, Stock Ratings Network reports. They currently have a GBX 345 ($5.79) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 38.64% from the company’s current price.
Barclays PLC (LON:BARC) opened at 248.85 on Friday. Barclays PLC has a one year low of GBX 227.65 and a one year high of GBX 312.411. The stock has a 50-day moving average of GBX 239.8 and a 200-day moving average of GBX 259.2. The company’s market cap is £40.090 billion.
A number of other analysts have also recently weighed in on BARC. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday. They now have a GBX 356 ($5.98) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday. They now have a GBX 345 ($5.79) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday. They now have a GBX 320 ($5.37) price target on the stock. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 306.69 ($5.15).
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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