HSBC set a GBX 240 ($3.14) price objective on Barclays (LON:BARC) in a research report report published on Friday, March 29th, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.
A number of other equities research analysts also recently commented on the company. UBS Group set a GBX 235 ($3.07) target price on Barclays and gave the company a buy rating in a report on Thursday, February 21st. Berenberg Bank restated a buy rating and issued a GBX 220 ($2.87) price target on shares of Barclays in a research report on Monday, March 25th. Shore Capital restated a buy rating on shares of Barclays in a research report on Thursday, February 21st. JPMorgan Chase & Co. restated an overweight rating on shares of Barclays in a research report on Friday, February 22nd. Finally, Royal Bank of Canada restated a sector perform rating and issued a GBX 220 ($2.87) price target on shares of Barclays in a research report on Thursday, February 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Barclays currently has an average rating of Buy and an average target price of GBX 220.53 ($2.88).
Shares of LON BARC traded up GBX 0.48 ($0.01) during mid-day trading on Friday, hitting GBX 169.40 ($2.21). 36,191,982 shares of the company were exchanged, compared to its average volume of 50,310,000. Barclays has a 1-year low of GBX 145 ($1.89) and a 1-year high of GBX 217.65 ($2.84). The company has a market cap of $29.18 billion and a PE ratio of 18.41.
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
See Also: Systematic Risk
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