Barclays (LON:BARC) Coverage Initiated at Peel Hunt

Investment analysts at Peel Hunt assumed coverage on shares of Barclays (LON:BARC) in a research report issued on Friday, Digital Look reports. The firm set a “buy” rating and a GBX 245 ($3.05) price target on the financial services provider’s stock. Peel Hunt’s target price would suggest a potential upside of 34.28% from the stock’s current price.

Other research analysts also recently issued reports about the company. Citigroup reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, January 31st. Berenberg Bank raised their target price on shares of Barclays from GBX 240 ($2.99) to GBX 270 ($3.36) and gave the stock a “buy” rating in a report on Tuesday, February 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 220 ($2.74) target price on shares of Barclays in a research note on Tuesday, February 20th. Royal Bank of Canada raised their price target on Barclays from GBX 230 ($2.86) to GBX 265 ($3.30) and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a research report on Thursday, February 29th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 240 ($2.99).

Barclays Stock Down 0.8 %

Shares of BARC opened at GBX 182.46 ($2.27) on Friday. Barclays has a twelve month low of GBX 128.12 ($1.59) and a twelve month high of GBX 194.80 ($2.42). The company has a market capitalization of £27.53 billion, a P/E ratio of 677.41, a price-to-earnings-growth ratio of -1.09 and a beta of 1.38. The firm has a 50 day moving average of GBX 172.65 and a 200 day moving average of GBX 154.74.

About Barclays

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