Goldman Sachs Group upgraded shares of Barclays (LON:BARC) to a neutral rating in a research note published on Thursday morning. The brokerage currently has GBX 210 ($2.90) price objective on the financial services provider’s stock, up from their prior price objective of GBX 190 ($2.63).
Several other research analysts have also recently issued reports on the company. Morgan Stanley set a GBX 230 ($3.18) price objective on Barclays and gave the stock a buy rating in a research report on Wednesday, December 13th. Royal Bank of Canada set a GBX 215 ($2.97) price target on Barclays and gave the stock a neutral rating in a research note on Monday, December 18th. HSBC reiterated a buy rating and issued a GBX 240 ($3.32) price target on shares of Barclays in a research note on Monday, January 29th. Credit Suisse Group reiterated an outperform rating and issued a GBX 230 ($3.18) price target on shares of Barclays in a research note on Thursday, November 16th. Finally, Deutsche Bank reiterated a buy rating and issued a GBX 234 ($3.23) price target on shares of Barclays in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 226.11 ($3.12).
Barclays (BARC) opened at GBX 210.75 ($2.91) on Thursday. The stock has a market capitalization of $36,080.00 and a PE ratio of 2,107.50. Barclays has a 1 year low of GBX 177.30 ($2.45) and a 1 year high of GBX 235.35 ($3.25).
In related news, insider Mike Turner bought 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of GBX 210 ($2.90) per share, for a total transaction of £21,000 ($29,013.54).
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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