Barclays’ (BARC) Neutral Rating Reiterated at Goldman Sachs Group

Barclays (LON:BARC)‘s stock had its “neutral” rating reissued by analysts at Goldman Sachs Group in a research note issued on Thursday, Borsen Zeitung reports. They currently have a GBX 190 ($2.48) price objective on the financial services provider’s stock. Goldman Sachs Group’s target price points to a potential upside of 15.15% from the company’s previous close.

BARC has been the subject of a number of other reports. Berenberg Bank reiterated a “buy” rating on shares of Barclays in a report on Monday, August 5th. Royal Bank of Canada set a GBX 175 ($2.29) price objective on shares of Barclays and gave the company a “neutral” rating in a report on Monday, October 7th. Morgan Stanley reiterated an “equal weight” rating on shares of Barclays in a report on Friday, July 26th. Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Tuesday, September 10th. Finally, Deutsche Bank reiterated a “buy” rating and set a GBX 170 ($2.22) price objective on shares of Barclays in a report on Thursday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Barclays has a consensus rating of “Buy” and an average target price of GBX 193.67 ($2.53).

Shares of LON BARC opened at GBX 165 ($2.16) on Thursday. The stock has a market capitalization of $28.49 billion and a P/E ratio of 9.22. The company has a 50-day moving average price of GBX 147.84 and a 200-day moving average price of GBX 153.16. Barclays has a 1 year low of GBX 131.04 ($1.71) and a 1 year high of GBX 181 ($2.37).

In other news, insider Nigel Higgins purchased 10,092 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of GBX 153 ($2.00) per share, with a total value of £15,440.76 ($20,176.09).

Barclays Company Profile

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.

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Analyst Recommendations for Barclays (LON:BARC)

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