Barclays PLC Given New GBX 300 Price Target at Citigroup Inc. (BARC)
Investment analysts at Citigroup Inc. decreased their price target on shares of Barclays PLC (LON:BARC) from GBX 305 ($5.23) to GBX 300 ($5.15) in a note issued to investors on Monday. The firm currently has a “sell” rating on the stock. Citigroup Inc.’s target price would suggest a potential upside of 37.27% from the company’s current price.
A number of other analysts have also recently weighed in on BARC. Analysts at Societe Generale reiterated a “buy” rating on shares of Barclays PLC in a research note on Monday, June 30th. They now have a GBX 320 ($5.49) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays PLC in a research note on Friday, June 27th. They now have a GBX 275 ($4.72) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Barclays PLC in a research note on Friday, June 27th. They now have a GBX 325 ($5.57) price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the stock. Barclays PLC has a consensus rating of “Buy” and an average price target of GBX 310.15 ($5.32).
Shares of Barclays PLC (LON:BARC) traded down 1.14% during mid-day trading on Monday, hitting GBX 216.05. 27,683,168 shares of the company’s stock traded hands. Barclays PLC has a 52 week low of GBX 209.40 and a 52 week high of GBX 302.527. The stock’s 50-day moving average is GBX 236.2 and its 200-day moving average is GBX 251.. The company’s market cap is £35.099 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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