Barclays (LON:BARC) Given a GBX 240 Price Target at Goldman Sachs Group
Barclays (LON:BARC) received a GBX 240 ($3.16) price objective from equities researchers at Goldman Sachs Group in a report released on Thursday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s target price indicates a potential upside of 36.43% from the stock’s current price.
Other analysts have also issued research reports about the company. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday. Credit Suisse Group started coverage on Barclays in a report on Tuesday. They set a “neutral” rating and a GBX 185 ($2.43) target price on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 220 ($2.89) target price on shares of Barclays in a report on Friday, January 31st. Citigroup reiterated a “sell” rating on shares of Barclays in a report on Monday, January 20th. Finally, Royal Bank of Canada reissued a “neutral” rating and set a GBX 185 ($2.43) price target on shares of Barclays in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Barclays currently has a consensus rating of “Buy” and a consensus price target of GBX 215 ($2.83).
BARC opened at GBX 175.92 ($2.31) on Thursday. Barclays has a 52-week low of GBX 131.04 ($1.72) and a 52-week high of GBX 192.99 ($2.54). The firm has a market capitalization of $30.48 billion and a PE ratio of 17.42. The business’s 50-day simple moving average is GBX 177.11 and its 200 day simple moving average is GBX 163.27.
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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