Barclays PLC (BARC) Receives Average Rating of “Hold” from Brokerages

Barclays PLC (LON:BARC) has been given a consensus rating of “Hold” by the twenty brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 221.71 ($3.06).

A number of analysts have weighed in on BARC shares. Goldman Sachs Group set a GBX 180 ($2.49) target price on shares of Barclays and gave the company a “sell” rating in a research report on Friday, October 27th. Credit Suisse Group reissued an “outperform” rating and set a GBX 230 ($3.18) target price on shares of Barclays in a research report on Thursday, November 16th. JPMorgan Chase & Co. set a GBX 240 ($3.32) target price on shares of Barclays and gave the company a “buy” rating in a research report on Wednesday, November 29th. reissued a “buy” rating and set a GBX 240 ($3.32) target price on shares of Barclays in a research report on Wednesday, November 8th. Finally, Bank of America raised shares of Barclays to a “buy” rating and increased their target price for the company from GBX 180 ($2.49) to GBX 220 ($3.04) in a research report on Monday, November 20th.

Shares of Barclays (LON BARC) opened at GBX 200.60 ($2.77) on Tuesday. The firm has a market cap of $34,350.00 and a P/E ratio of 1,834.09. Barclays has a 52-week low of GBX 177.30 ($2.45) and a 52-week high of GBX 244.40 ($3.38).

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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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