Breaking: Barclays PLC (LON:BARC) “Buy” Rating Reaffirmed by Analysts at Nomura Today; The Target Price per Share Given is GBX 290.00

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Barclays PLC (LON:BARC) Rating Reaffirmed

The brokerage firm has just set a TP of GBX 290.00 on Barclays PLC (LON:BARC) shares. This is 29.88% from the closing share price. In a recent research report sent to clients and investors on Wednesday morning, Nomura reiterated their “Buy” rating on shares of BARC.

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 295.09 with a 30.59% above today’s (GBX 223.05) stock price. Barclays PLC was the topic of 95 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 9 with “Buy” rating. Bernstein maintained shares with “Market Perform” rating and GBX 255 target share price in a report from a December 4. J.P. Morgan maintained BARC stock in a recent report from December 7 with “Overweight” rating. Investec maintained the rating on December 4. Investec has a “Buy” rating and a GBX 270 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a December 7.

The stock increased 0.43% or GBX 0.95 on December 8, striking GBX 223.05. Approximately shares of stock traded hands. Barclays PLC (LON:BARC) has declined 13.73% since May 12, 2015 and is downtrending. It has underperformed by 12.93% the S&P500.

Breaking: Barclays PLC (LON:BARC)

Barclays PLC is a global financial services holding company. The company has a market cap of 38.30 billion GBP. The Firm operates in five business divisions: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. It has 128.11 P/E ratio. Barclays Bank PLC is a wholly owned subsidiary of Barclays.

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