Shore Capital Reiterates Buy Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently weighed in on BARC. JPMorgan Chase & Co. reiterated a “top pick” rating and set a GBX 220 ($2.89) price target on shares of Barclays in a report on Wednesday, January 15th. Deutsche Bank increased their price target on Barclays from GBX 205 ($2.70) to GBX 208 ($2.74) and gave the stock a “buy” rating in a report on Friday, November 29th. UBS Group increased their price target on Barclays from GBX 190 ($2.50) to GBX 195 ($2.57) and gave the stock a “buy” rating in a report on Monday, February 3rd. Credit Suisse Group began coverage on Barclays in a report on Tuesday. They set a “neutral” rating and a GBX 185 ($2.43) price target for the company. Finally, Citigroup reiterated a “sell” rating on shares of Barclays in a report on Monday, January 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Barclays has a consensus rating of “Buy” and an average price target of GBX 215 ($2.83).

Shares of Barclays stock opened at GBX 175.92 ($2.31) on Thursday. The business has a 50-day moving average price of GBX 177.11 and a two-hundred day moving average price of GBX 163.27. Barclays has a 1-year low of GBX 131.04 ($1.72) and a 1-year high of GBX 192.99 ($2.54). The company has a market cap of $30.48 billion and a P/E ratio of 17.42.

Barclays Company Profile

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 financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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