Barclays PLC Price Target Raised to GBX 275 at Deutsche Bank (BARC)
Research analysts at Deutsche Bank lifted their target price on shares of Barclays PLC (LON:BARC) to GBX 275 ($4.67) in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 22.63% from the company’s current price.
Barclays PLC (LON:BARC) opened at 224.25 on Wednesday. Barclays PLC has a 1-year low of GBX 201.75 and a 1-year high of GBX 309.90. The stock has a 50-day moving average of GBX 220.7 and a 200-day moving average of GBX 244.0. The company’s market cap is £36.656 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Shareholders of record on Wednesday, August 6th will be given a dividend of GBX 1 ($0.02) per share. This represents a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, August 6th.
BARC has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd upgraded shares of Barclays PLC to a “buy” rating in a research note on Tuesday, July 29th. They now have a GBX 280 ($4.75) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays PLC in a research note on Monday, July 28th. They now have a GBX 285 ($4.84) price target on the stock. Finally, 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, July 28th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 288.08 ($4.89).
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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