Barclays (LON:BARC) Rating Reaffirmed
In a recent research report revealed to investors and clients on Wednesday, 9 December, The “Buy” rating of Barclays (LON:BARC) shares was reconfirmed at Nomura, who now has a GBX 290.00 TP on the stock. Nomura’s TP implies a possible upside of 30.66% from the last close price of the company.
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 31.71% above today’s (GBX 221.16) 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 decreased 0.42% or GBX 0.94 on December 9, striking GBX 221.16. Approximately 27.51M 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.
Barclays PLC is a global financial services holding company. The company has a market cap of 37.97 billion GBP. The Firm operates in five business divisions: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. It has 127.03 P/E ratio. Barclays Bank PLC is a wholly owned subsidiary of Barclays.