Barclays’ (BARC) “Sector Performer” Rating Reaffirmed at Royal Bank of Canada
Barclays (LON:BARC)‘s stock had its “sector performer” rating restated by equities researchers at Royal Bank of Canada in a research report issued on Thursday, December 6th, Marketbeat.com reports. They currently have a GBX 220 ($2.87) target price on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 39.12% from the company’s current price.
Several other equities analysts also recently commented on BARC. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 250 ($3.27) target price on shares of Barclays in a research report on Wednesday, August 8th. Goldman Sachs Group set a GBX 215 ($2.81) target price on shares of Barclays and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Deutsche Bank set a GBX 239 ($3.12) target price on shares of Barclays and gave the stock a “buy” rating in a research report on Thursday, August 9th. HSBC increased their target price on shares of Barclays from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the stock a “buy” rating in a research report on Friday, August 17th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 266 ($3.48) target price on shares of Barclays in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 225 ($2.94).
Barclays stock opened at GBX 158.14 ($2.07) on Thursday. Barclays has a one year low of GBX 177.30 ($2.32) and a one year 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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