Barclays PLC Receives “Buy” Rating from Investec (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by Investec in a research note issued on Tuesday, ARN reports. They currently have a GBX 295 ($4.98) target price on the stock. Investec’s price target points to a potential upside of 14.12% from the company’s current price.
BARC has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays PLC in a research note on Tuesday. They now have a GBX 356 ($6.01) price target on the stock. Separately, 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 ($4.72) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday. They now have a GBX 320 ($5.40) price target on the stock. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 307.19 ($5.18).
Barclays PLC (LON:BARC) opened at 247.95 on Tuesday. Barclays PLC has a 52-week low of GBX 227.65 and a 52-week high of GBX 312.411. The stock has a 50-day moving average of GBX 242. and a 200-day moving average of GBX 258.1. The company’s market cap is £39.945 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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