Barclays (LON:BARC) Price Target Raised to GBX 270

3 months ago

Barclays (LON:BARC – Get Free Report) had its price target boosted by Berenberg Bank from GBX 240 ($3.02) to GBX 270 ($3.40) in a research report issued on Tuesday, Digital Look reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s price target indicates a potential upside of 64.01% from the stock’s current price.
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Several other analysts also recently weighed in on the company. Citigroup reissued a “buy” rating on shares of Barclays in a report on Wednesday, January 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 220 ($2.77) price objective on shares of Barclays in a research note on Tuesday. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research note on Tuesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Barclays presently has an average rating of “Buy” and an average target price of GBX 229.50 ($2.89).

Check Out Our Latest Analysis on BARC

Barclays stock opened at GBX 164.62 ($2.07) on Tuesday. Barclays has a fifty-two week low of GBX 128.12 ($1.61) and a fifty-two week high of GBX 198.86 ($2.50). The company has a market capitalization of £24.97 billion, a P/E ratio of 484.88, a PEG ratio of -1.09 and a beta of 1.37. The stock has a 50-day simple moving average of GBX 148.22 and a 200-day simple moving average of GBX 146.83.

In other Barclays news, insider Nigel Higgins bought 200,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of GBX 139 ($1.75) per share, with a total value of £278,000 ($350,037.77). In other news, insider Nigel Higgins purchased 200,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average price of GBX 139 ($1.75) per share, for a total transaction of £278,000 ($350,037.77). Also, insider Anna Cross sold 74,044 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of GBX 143 ($1.80), for a total value of £105,882.92 ($133,320.22). Company insiders own 0.23% of the company’s stock.

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through two segments, Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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