Barclays PLC (BARC) Given Consensus Rating of “Buy” by Brokerages
Shares of Barclays PLC (LON:BARC) have been given an average recommendation of “Buy” by the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 232.83 ($3.04).
A number of equities research analysts have recently weighed in on BARC shares. Goldman Sachs Group set a GBX 215 ($2.81) price objective on shares of Barclays and gave the company a “neutral” rating in a report on Wednesday, August 8th. Deutsche Bank restated a “buy” rating and issued a GBX 239 ($3.12) price objective (up from GBX 236 ($3.08)) on shares of Barclays in a report on Friday, August 3rd. Cfra set a GBX 250 ($3.27) price objective on shares of Barclays and gave the company a “buy” rating in a report on Thursday, August 2nd. UBS Group set a GBX 235 ($3.07) price objective on shares of Barclays and gave the company a “buy” rating in a report on Thursday, October 4th. Finally, HSBC restated a “buy” rating and issued a GBX 270 ($3.53) price objective on shares of Barclays in a report on Tuesday, October 2nd.
Shares of BARC opened at GBX 166.64 ($2.18) on Thursday. Barclays has a twelve month low of GBX 177.30 ($2.32) and a twelve month high of GBX 235.35 ($3.08).
Barclays Company Profile
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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