Barclays (BARC) Given a GBX 175 Price Target by Goldman Sachs Group Analysts

Barclays (LON:BARC) has been given a GBX 175 ($2.37) price objective by analysts at Goldman Sachs Group in a research note issued to investors on Wednesday. The firm currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group’s price objective would indicate a potential downside of 12.72% from the stock’s current price.

BARC has been the topic of a number of other research reports. reissued a “buy” rating and set a GBX 250 ($3.39) price objective on shares of Barclays in a report on Thursday, September 28th. UBS Group set a GBX 220 ($2.98) price objective on shares of Barclays and gave the stock a “buy” rating in a report on Monday, November 6th. Citigroup reissued a “sell” rating on shares of Barclays in a report on Wednesday, December 6th. Jefferies Group set a GBX 205 ($2.78) price objective on shares of Barclays and gave the stock a “neutral” rating in a report on Friday, December 8th. Finally, Morgan Stanley set a GBX 230 ($3.12) price objective on shares of Barclays and gave the stock a “buy” rating in a report on Wednesday, December 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 218.16 ($2.96).

Shares of Barclays (LON BARC) traded up GBX 1.20 ($0.02) during trading hours on Wednesday, reaching GBX 200.50 ($2.72). 41,126,236 shares of the company’s stock were exchanged, compared to its average volume of 33,140,000. Barclays has a 12-month low of GBX 177.30 ($2.40) and a 12-month high of GBX 244.40 ($3.31). The company has a market cap of $34,210.00 and a price-to-earnings ratio of 1,822.73.

In related news, insider Ian Cheshire bought 30,000 shares of the company’s stock in a transaction on Friday, October 27th. The shares were purchased at an average cost of GBX 183 ($2.48) per share, for a total transaction of £54,900 ($74,450.77).

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Barclays Company Profile

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.

Analyst Recommendations for Barclays (LON:BARC)

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