Canaccord Genuity Upgrades Barclays PLC to Buy (BARC)
Barclays PLC (LON:BARC) was upgraded by research analysts at Canaccord Genuity to a “buy” rating in a report released on Monday. The firm currently has a GBX 280 ($4.77) price target on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 19.35% from the company’s current price.
Shares of Barclays PLC (LON:BARC) traded down 0.13% during mid-day trading on Monday, hitting GBX 234.30. 25,072,886 shares of the company’s stock traded hands. Barclays PLC has a 1-year low of GBX 227.65 and a 1-year high of GBX 302.527. The stock’s 50-day moving average is GBX 244.3 and its 200-day moving average is GBX 253.9. The company’s market cap is £38.064 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays PLC in a research note on Thursday. They now have a GBX 275 ($4.68) price target on the stock. Separately, analysts at Santander reiterated a “buy” rating on shares of Barclays PLC in a research note on Wednesday, June 18th. They now have a GBX 365 ($6.21) price target on the stock. Finally, analysts at Mediobanca SpA reiterated a “neutral” rating on shares of Barclays PLC in a research note on Tuesday, June 17th. They now have a GBX 280 ($4.77) price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 311.26 ($5.30).
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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