Barclays (BARC) Earns “Buy” Rating from UBS Group
UBS Group reiterated their buy rating on shares of Barclays (LON:BARC) in a research note issued to investors on Wednesday morning, www.boersen-zeitung.de reports. The brokerage currently has a GBX 240 ($3.14) price objective on the financial services provider’s stock, up from their prior price objective of GBX 235 ($3.07).
Other research analysts have also recently issued reports about the stock. Shore Capital reissued a buy rating on shares of Barclays in a report on Thursday, August 2nd. Goldman Sachs Group set a GBX 220 ($2.87) price target on shares of Barclays and gave the stock a neutral rating in a report on Monday, July 23rd. Credit Suisse Group set a GBX 235 ($3.07) price target on shares of Barclays and gave the stock a buy rating in a report on Thursday, July 19th. Deutsche Bank reissued a buy rating and set a GBX 239 ($3.12) price target (up from GBX 236 ($3.08)) on shares of Barclays in a report on Friday, August 3rd. Finally, JPMorgan Chase & Co. set a GBX 250 ($3.27) price target on shares of Barclays and gave the stock a buy rating in a report on Tuesday, September 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. Barclays currently has an average rating of Buy and an average price target of GBX 229.78 ($3.00).
LON BARC opened at GBX 163.42 ($2.14) on Wednesday. Barclays has a 52-week low of GBX 177.30 ($2.32) and a 52-week high of GBX 235.35 ($3.08).
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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