Barclays (LON:BARC)‘s stock had its “sell” rating reaffirmed by equities research analysts at Citigroup in a note issued to investors on Friday. They currently have a GBX 150 ($2.07) target price on the financial services provider’s stock. Citigroup’s price target indicates a potential downside of 28.91% from the stock’s previous close.
A number of other brokerages have also commented on BARC. Goldman Sachs Group set a GBX 180 ($2.49) price objective on Barclays and gave the stock a “sell” rating in a report on Friday, October 27th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 230 ($3.18) target price on shares of Barclays in a report on Thursday, November 16th. JPMorgan Chase & Co. set a GBX 240 ($3.32) target price on Barclays and gave the company a “buy” rating in a report on Wednesday, November 29th. Bank of America raised Barclays to a “buy” rating and upped their target price for the company from GBX 180 ($2.49) to GBX 220 ($3.04) in a report on Monday, November 20th. Finally, reaffirmed a “buy” rating and issued a GBX 240 ($3.32) target price on shares of Barclays in a report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 221.95 ($3.07).
Shares of Barclays (BARC) opened at GBX 211 ($2.92) on Friday. The company has a market capitalization of $36,000.00 and a P/E ratio of 1,834.09. Barclays has a twelve month low of GBX 177.30 ($2.45) and a twelve month high of GBX 244.40 ($3.38).
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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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