Royal Bank of Canada set a GBX 220 ($2.87) price objective on Barclays (LON:BARC) in a research report released on Thursday morning. The firm currently has a neutral rating on the financial services provider’s stock.
Several other research analysts also recently commented on BARC. Goldman Sachs Group set a GBX 215 ($2.81) price objective on shares of Barclays and gave the company a neutral rating in a research report on Tuesday. JPMorgan Chase & Co. set a GBX 250 ($3.27) price target on shares of Barclays and gave the stock a buy rating in a report on Wednesday, July 11th. Cfra set a GBX 250 ($3.27) price target on shares of Barclays and gave the stock a buy rating in a report on Thursday, August 2nd. Shore Capital reiterated a buy rating on shares of Barclays in a report on Wednesday. Finally, Deutsche Bank upped their price target on shares of Barclays from GBX 240 ($3.14) to GBX 243 ($3.18) and gave the stock a buy rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Barclays presently has an average rating of Buy and a consensus price target of GBX 228.56 ($2.99).
BARC traded down GBX 4 ($0.05) during trading on Thursday, hitting GBX 168.06 ($2.20). 37,682,727 shares of the stock traded hands, compared to its average volume of 50,310,000. Barclays has a twelve month low of GBX 177.30 ($2.32) and a twelve month high of GBX 235.35 ($3.08).
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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