Barclays (LON:BARC – Get Rating) had its target price cut by research analysts at Deutsche Bank Aktiengesellschaft from GBX 230 ($2.89) to GBX 210 ($2.64) in a report issued on Monday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 22.22% from the company’s current price.
BARC has been the topic of several other research reports. UBS Group set a GBX 260 ($3.27) price target on Barclays in a research note on Thursday, April 28th. Morgan Stanley reissued an “equal weight” rating on shares of Barclays in a research note on Wednesday, May 11th. Jefferies Financial Group set a GBX 316 ($3.98) target price on Barclays in a research report on Monday, May 16th. Credit Suisse Group set a GBX 245 ($3.08) target price on Barclays in a research report on Tuesday, May 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 190 ($2.39) target price on shares of Barclays in a research report on Thursday, April 28th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 240.11 ($3.02).
BARC opened at GBX 171.82 ($2.16) on Monday. The business’s 50-day moving average price is GBX 151.80 and its two-hundred day moving average price is GBX 176.30. Barclays has a 1 year low of GBX 140.06 ($1.76) and a 1 year high of GBX 219.60 ($2.76). The company has a market capitalization of £28.80 billion and a price-to-earnings ratio of 4.88.
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.
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