Barclays’ (BARC) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Barclays (LON:BARCGet Rating)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 190 ($2.37) price target on the financial services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 25.40% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 240 ($3.00) price objective on shares of Barclays in a research note on Thursday, February 24th. JPMorgan Chase & Co. set a GBX 170 ($2.12) price target on shares of Barclays in a research note on Monday, April 25th. UBS Group set a GBX 260 ($3.25) price objective on shares of Barclays in a research note on Thursday, February 24th. Credit Suisse Group set a GBX 205 ($2.56) price objective on shares of Barclays in a report on Monday, April 11th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 260 ($3.25) target price on shares of Barclays in a report on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Barclays currently has a consensus rating of “Buy” and a consensus price target of GBX 243.44 ($3.04).

LON:BARC opened at GBX 151.52 ($1.89) on Thursday. Barclays has a fifty-two week low of GBX 140.06 ($1.75) and a fifty-two week high of GBX 219.60 ($2.74). The company has a 50 day moving average price of GBX 157.09 and a 200 day moving average price of GBX 181.99. The stock has a market capitalization of £25.40 billion and a P/E ratio of 4.13.

Barclays Company Profile (Get Rating)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

Recommended Stories

Analyst Recommendations for Barclays (LON:BARC)

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.