Barclays (LON:BARC) had its price target boosted by investment analysts at Morgan Stanley from GBX 215 ($2.97) to GBX 225 ($3.11) in a note issued to investors on Tuesday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 7.91% from the stock’s current price.
Other analysts have also issued reports about the company. Citigroup reiterated a “sell” rating on shares of Barclays in a report on Monday, February 12th. UBS Group set a GBX 220 ($3.04) price target on Barclays and gave the stock a “buy” rating in a report on Tuesday, November 14th. HSBC reiterated a “buy” rating and set a GBX 240 ($3.32) price target on shares of Barclays in a report on Wednesday, November 29th. Goldman Sachs Group reiterated a “sell” rating and set a GBX 190 ($2.63) price target on shares of Barclays in a report on Friday, February 16th. Finally, Cfra set a GBX 270 ($3.73) price target on Barclays and gave the stock a “buy” rating in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 221.79 ($3.06).
Shares of Barclays (LON BARC) opened at GBX 208.50 ($2.88) on Tuesday. The company has a market capitalization of $35,580.00 and a price-to-earnings ratio of 2,085.00. Barclays has a fifty-two week low of GBX 177.30 ($2.45) and a fifty-two week high of GBX 238.82 ($3.30).
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Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
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