Barclays PLC Rating Reiterated by Citigroup Inc. (BARC)
Barclays PLC (LON:BARC)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Friday. They currently have a GBX 305 ($5.19) target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 41.05% from the stock’s previous close.
BARC has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Barclays PLC in a research note on Tuesday. They now have a GBX 265 ($4.51) price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Barclays PLC to a “buy” rating in a research note on Monday. They now have a GBX 280 ($4.77) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays PLC in a research note on Thursday, June 19th. They now have a GBX 275 ($4.68) price target on the stock. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 310.33 ($5.28).
Shares of Barclays PLC (LON:BARC) traded up 0.57% during mid-day trading on Friday, hitting GBX 216.23. The stock had a trading volume of 60,401,880 shares. Barclays PLC has a 52-week low of GBX 227.65 and a 52-week high of GBX 302.527. The stock’s 50-day moving average is GBX 241.7 and its 200-day moving average is GBX 252.9. The company’s market cap is £35.129 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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