JPMorgan Chase & Co. set a GBX 160 ($1.97) price objective on Barclays (LON:BARC) in a report released on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.
Several other equities research analysts have also recently issued reports on the company. Citigroup reaffirmed a neutral rating and issued a GBX 120 ($1.48) target price on shares of Barclays in a report on Tuesday, July 14th. Investec raised Barclays to a buy rating in a report on Friday, July 10th. Deutsche Bank reduced their target price on Barclays from GBX 208 ($2.56) to GBX 135 ($1.66) and set a buy rating on the stock in a report on Tuesday, July 14th. Berenberg Bank reaffirmed a buy rating and issued a GBX 160 ($1.97) target price on shares of Barclays in a report on Thursday, July 2nd. Finally, BNP Paribas cut Barclays to a neutral rating and reduced their target price for the stock from GBX 140 ($1.72) to GBX 130 ($1.60) in a report on Monday, May 25th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 151.93 ($1.87).
Shares of BARC stock opened at GBX 100.56 ($1.24) on Wednesday. Barclays has a 12-month low of GBX 1.13 ($0.01) and a 12-month high of GBX 192.99 ($2.37). The stock’s 50-day moving average price is GBX 115.10 and its 200-day moving average price is GBX 124.69. The stock has a market capitalization of $17.44 billion and a price-to-earnings ratio of 8.67.
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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