Deutsche Bank Increases Barclays (LON:BARC) Price Target to GBX 234

Barclays (LON:BARC) had its price objective hoisted by stock analysts at Deutsche Bank from GBX 210 ($2.90) to GBX 234 ($3.23) in a note issued to investors on Friday, January 26th. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price objective indicates a potential upside of 21.04% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Goldman Sachs Group set a GBX 175 ($2.42) price objective on Barclays and gave the stock a “sell” rating in a report on Wednesday, January 17th. Morgan Stanley lowered Barclays to an “equal weight” rating and dropped their price objective for the stock from GBX 230 ($3.18) to GBX 215 ($2.97) in a report on Wednesday, January 10th. Royal Bank of Canada set a GBX 215 ($2.97) price objective on Barclays and gave the stock a “neutral” rating in a report on Monday, December 18th. Jefferies Group set a GBX 205 ($2.83) price objective on Barclays and gave the stock a “neutral” rating in a report on Friday, December 8th. Finally, Citigroup reaffirmed a “sell” rating on shares of Barclays in a report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Barclays has an average rating of “Hold” and a consensus price target of GBX 219.68 ($3.04).

Barclays (LON:BARC) traded up GBX 0.42 ($0.01) during trading on Friday, reaching GBX 193.32 ($2.67). The company’s stock had a trading volume of 38,424,003 shares, compared to its average volume of 39,950,000. Barclays has a one year low of GBX 177.30 ($2.45) and a one year high of GBX 244.40 ($3.38). The firm has a market capitalization of $33,020.00 and a PE ratio of 1,834.09.

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Barclays Company Profile

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (LON:BARC)

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