Shore Capital Reaffirms Buy Rating for Barclays (LON:BARC)

Barclays (LON:BARCGet Rating)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Several other analysts have also recently weighed in on BARC. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 240 ($2.96) price target on shares of Barclays in a report on Thursday, February 24th. UBS Group set a GBX 260 ($3.21) price target on Barclays in a report on Thursday, April 28th. Credit Suisse Group set a GBX 240 ($2.96) price target on Barclays in a report on Friday, April 29th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 190 ($2.34) price target on shares of Barclays in a report on Thursday, April 28th. Finally, The Goldman Sachs Group set a GBX 270 ($3.33) target price on Barclays in a report on Thursday, April 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Barclays currently has an average rating of “Buy” and a consensus price target of GBX 242.89 ($2.99).

LON:BARC opened at GBX 152.20 ($1.88) on Thursday. The stock has a market cap of £25.51 billion and a P/E ratio of 4.35. The stock’s 50-day moving average is GBX 152.98 and its 200-day moving average is GBX 178.20. Barclays has a 1-year low of GBX 140.06 ($1.73) and a 1-year high of GBX 219.60 ($2.71).

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.

Further Reading

Analyst Recommendations for Barclays (LON:BARC)

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