Numis Securities Ltd Upgrades Barclays PLC to “Buy” (BARC)
Barclays PLC (LON:BARC) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a GBX 280 ($4.75) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 27.80% from the company’s current price.
A number of other firms have also recently commented on BARC. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays PLC in a research note on Monday. They now have a GBX 285 ($4.84) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Barclays PLC from GBX 300 ($5.09) to GBX 275 ($4.67) in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Barclays PLC in a research note on Wednesday, July 23rd. They now have a GBX 260 ($4.42) price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. Barclays PLC presently has an average rating of “Buy” and a consensus price target of GBX 294.68 ($5.00).
Shares of Barclays PLC (LON:BARC) traded up 0.44% during mid-day trading on Tuesday, hitting GBX 219.10. 40,302,936 shares of the company’s stock traded hands. Barclays PLC has a 52-week low of GBX 201.75 and a 52-week high of GBX 297.95. The stock’s 50-day moving average is GBX 222.0 and its 200-day moving average is GBX 244.7. The company’s market cap is £35.595 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.