Barclays (BARC) PT Set at GBX 175 by Goldman Sachs Group

Barclays (LON:BARC) received a GBX 175 ($2.37) target price from equities researchers at Goldman Sachs Group in a report released on Wednesday. The firm presently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group’s price target would indicate a potential downside of 11.77% from the company’s current price.

Several other research firms have also weighed in on BARC. Royal Bank of Canada set a GBX 215 ($2.92) price objective on shares of Barclays and gave the company a “neutral” rating in a research report on Monday, December 18th. Morgan Stanley set a GBX 230 ($3.12) target price on shares of Barclays and gave the stock a “buy” rating in a report on Wednesday, December 13th. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, October 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 240 ($3.25) target price on shares of Barclays in a report on Thursday, October 26th. Finally, Deutsche Bank decreased their target price on shares of Barclays from GBX 231 ($3.13) to GBX 226 ($3.06) and set a “buy” rating for the company in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Barclays has a consensus rating of “Hold” and an average target price of GBX 218.16 ($2.96).

Barclays (LON BARC) traded down GBX 1.06 ($0.01) during trading hours on Wednesday, hitting GBX 198.34 ($2.69). 21,317,834 shares of the stock traded hands, compared to its average volume of 33,240,000. Barclays has a one year low of GBX 177.30 ($2.40) and a one year high of GBX 244.40 ($3.31). The company has a market cap of $33,810.00 and a price-to-earnings ratio of 1,803.09.

In related news, insider Ian Cheshire purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average cost of GBX 183 ($2.48) per share, for a total transaction of £54,900 ($74,450.77).

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About Barclays

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (LON:BARC)

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