Royal Bank of Canada Analysts Give Barclays (BARC) a GBX 220 Price Target
Royal Bank of Canada set a GBX 220 ($2.87) price objective on Barclays (LON:BARC) in a report released on Friday morning. The firm currently has a neutral rating on the financial services provider’s stock.
Several other equities analysts also recently commented on BARC. Deutsche Bank set a GBX 239 ($3.12) price objective on Barclays and gave the company a buy rating in a research report on Thursday, August 9th. HSBC boosted their price objective on Barclays from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the company a buy rating in a research report on Friday, August 17th. Jefferies Financial Group restated a buy rating and issued a GBX 266 ($3.48) price objective on shares of Barclays in a research report on Thursday, August 23rd. JPMorgan Chase & Co. set a GBX 250 ($3.27) target price on Barclays and gave the stock a buy rating in a report on Wednesday, September 5th. Finally, Citigroup reaffirmed a sell rating on shares of Barclays in a report on Wednesday, September 5th. One 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. The company presently has an average rating of Buy and an average price target of GBX 225 ($2.94).
Shares of Barclays stock opened at GBX 153.90 ($2.01) on Friday. 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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