Barclays (LON:BARC) has been given a GBX 270 ($3.77) price target by investment analysts at Cfra in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the financial services provider’s stock. Cfra’s price target points to a potential upside of 29.22% from the company’s current price.
BARC has been the subject of a number of other reports. HSBC reiterated a “buy” rating and issued a GBX 240 ($3.35) price objective on shares of Barclays in a report on Monday, January 29th. Morgan Stanley cut Barclays to an “equal weight” rating and cut their price objective for the stock from GBX 230 ($3.21) to GBX 215 ($3.00) in a report on Wednesday, January 10th. Deutsche Bank upped their price objective on Barclays from GBX 210 ($2.93) to GBX 234 ($3.26) and gave the stock a “buy” rating in a report on Friday, January 26th. JPMorgan Chase reiterated an “overweight” rating and issued a GBX 240 ($3.35) price objective on shares of Barclays in a report on Friday, February 23rd. Finally, Royal Bank of Canada set a GBX 220 ($3.07) target price on Barclays and gave the company a “neutral” rating in a report on Friday, April 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 229.25 ($3.20).
BARC opened at GBX 208.95 ($2.91) on Thursday. Barclays has a 12-month low of GBX 177.30 ($2.47) and a 12-month high of GBX 235.35 ($3.28).
About Barclays
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 personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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