Berenberg Bank Reiterates “Buy” Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 280 ($3.52) target price on the financial services provider’s stock. Berenberg Bank’s target price would suggest a potential upside of 29.18% from the company’s current price.

Other equities analysts have also issued reports about the company. Peel Hunt initiated coverage on Barclays in a report on Friday, April 19th. They set a “buy” rating and a GBX 245 ($3.08) target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, February 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 220 ($2.76) price target on shares of Barclays in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 242 ($3.04).

Barclays Stock Performance

Shares of LON:BARC traded up GBX 1.85 ($0.02) during midday trading on Thursday, hitting GBX 216.75 ($2.72). 38,843,157 shares of the stock were exchanged, compared to its average volume of 71,614,438. Barclays has a 52-week low of GBX 128.12 ($1.61) and a 52-week high of GBX 218.85 ($2.75). The business’s fifty day simple moving average is GBX 190.91 and its two-hundred day simple moving average is GBX 162.54. The company has a market capitalization of £32.51 billion, a PE ratio of 833.65, a P/E/G ratio of -1.09 and a beta of 1.38.

About Barclays

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.