Barclays PLC (LON:BARC) “Buy” Rating Reconfirmed Today By Deutsche Bank; The Price Target is GBX 303.00

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Barclays PLC (LON:BARC) Rating Reaffirmed

Barclays PLC (LON:BARC) just had their share rating of a ‘”Buy”‘ issued by research analysts at Deutsche Bank, who now has a GBX 303.00 target PPS on the 39.22B GBP market cap company or a 31.91% upside potential. This key information was revealed to clients and investors in an analyst research report on Wednesday morning.

From a total of 23 analysts covering Barclays PLC (LON:BARC) stock, 18 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 72% of the ratings are positive. The highest target price is GBX 357 while the lowest target price is GBX 200. The mean of all analyst targets is GBX 295.3 with a 26.81% above today’s (GBX 229.7) stock price. Barclays PLC was the topic of 86 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 1 with “Buy” rating. Berenberg maintained shares with “Sell” rating and GBX 200 target share price in a report from a November 25. Deutsche Bank maintained BARC stock in a recent report from November 30 with “Buy” rating. J.P. Morgan maintained the rating on November 24. J.P. Morgan has a “Overweight” rating and a GBX 300 price target on shares. Finally, BNP Paribas maintained the stock with “Underperform” rating in a report issued on a November 25.

The stock decreased 1.63% or GBX 3.8 on December 1, striking GBX 229.7. Approximately shares of stock traded hands. Barclays PLC (LON:BARC) has declined 6.67% since May 5, 2015 and is downtrending. It has underperformed by 5.05% the S&P500.

Barclays PLC (LON:BARC)

Barclays PLC is a global financial services holding company. The company has a market cap of 39.22 billion GBP. The Firm operates in five business divisions: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. It has 131.94 P/E ratio. Barclays Bank PLC is a wholly owned subsidiary of Barclays.

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