Barclays (BARC) PT Set at GBX 190 by Credit Suisse Group

Barclays (LON:BARC) has been given a GBX 190 ($2.48) price target by investment analysts at Credit Suisse Group in a note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 15.54% from the company’s current price.

Several other equities analysts also recently commented on BARC. Jefferies Financial Group raised shares of Barclays to a “buy” rating and lowered their target price for the stock from GBX 266 ($3.48) to GBX 262 ($3.42) in a report on Wednesday, November 21st. Goldman Sachs Group set a GBX 210 ($2.74) target price on shares of Barclays and gave the stock a “neutral” rating in a report on Friday, November 23rd. Morgan Stanley decreased their price target on shares of Barclays from GBX 225 ($2.94) to GBX 210 ($2.74) and set an “equal weight” rating on the stock in a research note on Tuesday, November 27th. UBS Group reaffirmed a “buy” rating and set a GBX 240 ($3.14) price target on shares of Barclays in a research note on Thursday, November 29th. Finally, Royal Bank of Canada reaffirmed a “sector performer” rating and set a GBX 220 ($2.87) price target on shares of Barclays in a research note on Thursday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 219.73 ($2.87).

BARC stock opened at GBX 164.44 ($2.15) on Tuesday. Barclays has a one year low of GBX 145 ($1.89) and a one year high of GBX 220.10 ($2.88). The firm has a market capitalization of $28.16 billion and a PE ratio of 17.87.

In other news, insider Michael Ashley acquired 33,890 shares of the business’s stock in a transaction on Friday, December 21st. The shares were acquired at an average price of GBX 148 ($1.93) per share, for a total transaction of £50,157.20 ($65,539.27).

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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