Barclays (LON:BARC) Given a GBX 140 Price Target by UBS Group Analysts
UBS Group set a GBX 140 ($1.72) price target on Barclays (LON:BARC) in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other equities analysts have also recently weighed in on the company. Shore Capital reissued a buy rating on shares of Barclays in a report on Wednesday, April 29th. Berenberg Bank reissued a buy rating and set a GBX 160 ($1.97) price objective on shares of Barclays in a report on Thursday, July 2nd. HSBC raised their price objective on Barclays from GBX 160 ($1.97) to GBX 170 ($2.09) and gave the company a buy rating in a report on Friday, May 22nd. Citigroup lifted their price target on Barclays from GBX 106 ($1.30) to GBX 108 ($1.33) and gave the stock a neutral rating in a research note on Monday, May 4th. Finally, Credit Suisse Group decreased their price target on Barclays from GBX 185 ($2.28) to GBX 125 ($1.54) and set a neutral rating on the stock in a research note on Thursday, April 9th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 157.36 ($1.94).
Shares of LON BARC opened at GBX 119.56 ($1.47) on Friday. The stock has a market cap of $20.43 billion and a price-to-earnings ratio of 10.15. Barclays has a 1-year low of GBX 73.04 ($0.90) and a 1-year high of GBX 192.99 ($2.37). The stock’s 50-day moving average is GBX 117.29 and its 200 day moving average is GBX 130.73.
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.
Featured Story: FinTech
Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.