Barclays (BARC) Given a GBX 240 Price Target at Credit Suisse Group
Barclays (LON:BARC) received a GBX 240 ($3.13) target price from investment analysts at Credit Suisse Group in a report issued on Monday. The firm currently has a “buy” rating on the financial services provider’s stock. Credit Suisse Group’s target price suggests a potential upside of 37.05% from the company’s previous close.
Several other brokerages also recently commented on BARC. Goldman Sachs Group lifted their target price on Barclays from GBX 210 ($2.74) to GBX 220 ($2.87) and gave the stock a “neutral” rating in a report on Monday, May 28th. UBS Group set a GBX 240 ($3.13) target price on Barclays and gave the stock a “buy” rating in a report on Monday, June 11th. JPMorgan Chase & Co. set a GBX 250 ($3.26) target price on Barclays and gave the stock a “buy” rating in a report on Tuesday, June 12th. HSBC lifted their target price on Barclays from GBX 240 ($3.13) to GBX 260 ($3.39) and gave the stock a “buy” rating in a report on Wednesday, June 20th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Barclays in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 227.68 ($2.97).
Shares of BARC opened at GBX 175.12 ($2.28) on Monday. Barclays has a 12 month low of GBX 177.30 ($2.31) and a 12 month high of GBX 235.35 ($3.07).
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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