Berenberg Bank Increases Barclays (LON:BARC) Price Target to GBX 280

Barclays (LON:BARC) had its target price increased by equities researchers at Berenberg Bank from GBX 270 ($3.33) to GBX 280 ($3.46) in a report released on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s price objective points to a potential upside of 37.02% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays in a report on Tuesday, March 12th. Royal Bank of Canada boosted their price objective on Barclays from GBX 230 ($2.84) to GBX 265 ($3.27) and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 220 ($2.72) price objective on shares of Barclays in a research report on Tuesday, February 20th. Citigroup reissued a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Finally, Peel Hunt initiated coverage on Barclays in a research report on Friday, April 19th. They issued a “buy” rating and a GBX 245 ($3.03) price objective on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 242 ($2.99).

Barclays Trading Up 0.2 %

Shares of Barclays stock opened at GBX 204.35 ($2.52) on Thursday. The stock has a fifty day simple moving average of GBX 178.83 and a 200 day simple moving average of GBX 156.43. Barclays has a 12-month low of GBX 128.12 ($1.58) and a 12-month high of GBX 206.70 ($2.55). The company has a market capitalization of £30.84 billion, a P/E ratio of 756.85, a price-to-earnings-growth 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.