Goldman Sachs Group Raises Barclays (LON:BARC) Price Target to GBX 210
Barclays (LON:BARC) had its price target lifted by Goldman Sachs Group from GBX 190 ($2.48) to GBX 210 ($2.74) in a report released on Thursday, Borsen Zeitung reports. Goldman Sachs Group currently has a neutral rating on the financial services provider’s stock.
Several other research analysts also recently issued reports on the stock. UBS Group reissued a buy rating and set a GBX 190 ($2.48) price objective on shares of Barclays in a research report on Friday, October 25th. Societe Generale reissued a buy rating on shares of Barclays in a research report on Tuesday, September 10th. HSBC lowered their price objective on shares of Barclays from GBX 220 ($2.87) to GBX 200 ($2.61) and set a buy rating on the stock in a research report on Thursday, August 15th. Deutsche Bank raised their price objective on shares of Barclays from GBX 170 ($2.22) to GBX 205 ($2.68) and gave the stock a buy rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada raised their target price on shares of Barclays from GBX 170 ($2.22) to GBX 190 ($2.48) and gave the stock a sector performer rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Barclays currently has an average rating of Hold and a consensus price target of GBX 199.45 ($2.61).
Barclays stock traded up GBX 0.64 ($0.01) during midday trading on Thursday, hitting GBX 170.74 ($2.23). 26,795,954 shares of the company’s stock were exchanged, compared to its average volume of 50,310,000. Barclays has a 12-month low of GBX 131.04 ($1.71) and a 12-month high of GBX 173.30 ($2.26). The stock has a market cap of $29.38 billion and a price-to-earnings ratio of 16.90. The firm’s 50 day simple moving average is GBX 160.72 and its 200 day simple moving average is GBX 153.94.
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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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