Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Barclays (LON:BARC) Stock

Barclays (LON:BARC) had its target price lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 480 to GBX 570 in a research note issued to investors on Friday,Digital Look reports. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 17.60% from the company’s current price.

Several other research analysts have also weighed in on the company. Royal Bank Of Canada lifted their price objective on Barclays from GBX 435 to GBX 500 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Jefferies Financial Group raised their target price on Barclays from GBX 455 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Citigroup lifted their target price on Barclays from GBX 440 to GBX 475 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Barclays from GBX 500 to GBX 570 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Barclays has a consensus rating of “Moderate Buy” and an average price target of GBX 499.17.

Barclays Trading Down 0.2%

Shares of BARC opened at GBX 484.70 on Friday. The company has a market capitalization of £67.11 billion, a PE ratio of 11.94, a PEG ratio of 1.15 and a beta of 1.36. The stock’s 50-day moving average price is GBX 453.82 and its two-hundred day moving average price is GBX 402.23. Barclays has a 12 month low of GBX 223.75 and a 12 month high of GBX 492.95.

Barclays (LON:BARC) last issued its quarterly earnings data on Tuesday, December 16th. The financial services provider reported GBX 24.70 earnings per share (EPS) for the quarter. Barclays had a return on equity of 6.97% and a net margin of 19.54%. Equities research analysts predict that Barclays will post 39.1062802 EPS for the current fiscal year.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.