Barclays (LON:BARC) Rating Reaffirmed
In a comprehensive report sent to investors this morning, RBC Capital Markets has restated their Sector Perform rating on Barclays (LON:BARC) shares. The TP may suggest a possible upside of 29.09% from company’s previous close.
From a total of 22 analysts covering Barclays PLC (LON:BARC) stock, 14 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is GBX 580 while the lowest target price is GBX 200. The mean of all analyst targets is GBX 291.52 with a 29.97% above today’s (GBX 224.3) stock price. Barclays PLC was the topic of 83 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Sector Perform” rating. Nomura maintained shares with “Buy” rating and GBX 290 target share price in a report from a November 23. BNP Paribas maintained BARC stock in a recent report from November 25 with “Underperform” rating. Morgan Stanley downgraded the rating on November 20. Morgan Stanley has a “Equal Weight” rating and a GBX 250 price target on shares. Finally, J.P. Morgan maintained the stock with “Overweight” rating in a report issued on a November 24.
The stock decreased 0.40% or GBX 0.9 on November 27, striking GBX 224.3. Approximately 15.83 million shares of stock traded hands. Barclays PLC (LON:BARC) has declined 11.81% since May 1, 2015 and is downtrending. It has underperformed by 10.92% the S&P500.
Barclays PLC is a global financial services holding company. The company has a market cap of 37.65 billion GBP. The Firm operates in five business divisions: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. It has 128.83 P/E ratio. Barclays Bank PLC is a wholly owned subsidiary of Barclays.