Today Investec Reaffirms a “Buy” Rating on Barclays PLC (LON:BARC) and a GBX 270.00 Target Price

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Barclays PLC (LON:BARC) Rating Reaffirmed

London: In recent note shared with investors on Friday, 4 December, Investec reconfirmed their “Buy” rating on Barclays PLC (LON:BARC) shares. They now have a GBX 270.00 target price on the company. Investec’s target suggests a potential upside of 18.77% from the company’s current price.

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 27.56% above today’s (GBX 228.35) stock price. Barclays PLC was the topic of 88 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 2 with “Overweight” rating. Berenberg maintained shares with “Sell” rating and GBX 200 target share price in a report from a November 25. Societe Generale maintained BARC stock in a recent report from December 1 with “Buy” rating. BNP Paribas maintained the rating on November 25. BNP Paribas has a “Underperform” rating and a GBX 250 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a November 27.

Approximately 6.75 million shares of stock traded hands. Barclays PLC (LON:BARC) has declined 7.47% since May 7, 2015 and is downtrending. It has underperformed by 4.69% the S&P500.

Today Investec Reaffirms a

Barclays PLC is a global financial services holding company. The company has a market cap of 37.68 billion GBP. The Firm operates in five business divisions: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. It has 131.16 P/E ratio. Barclays Bank PLC is a wholly owned subsidiary of Barclays.

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