Goldman Sachs Group Reiterates Neutral Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group in a research note issued to investors on Thursday, Borsen Zeitung reports. They presently have a GBX 190 ($2.48) target price on the financial services provider’s stock. Goldman Sachs Group’s target price indicates a potential upside of 15.15% from the company’s previous close.

Several other brokerages also recently commented on BARC. Deutsche Bank reissued a “buy” rating and issued a GBX 170 ($2.22) price objective on shares of Barclays in a research note on Thursday. JPMorgan Chase & Co. set a GBX 220 ($2.87) price objective on shares of Barclays and gave the company a “buy” rating in a research note on Monday, October 14th. Berenberg Bank reissued a “buy” rating on shares of Barclays in a research note on Monday, August 5th. UBS Group reissued a “buy” rating and issued a GBX 190 ($2.48) price objective (down previously from GBX 200 ($2.61)) on shares of Barclays in a research note on Friday, September 13th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 209 ($2.73) price objective on shares of Barclays in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 193.67 ($2.53).

Shares of LON:BARC opened at GBX 165 ($2.16) on Thursday. The company has a market cap of $28.49 billion and a price-to-earnings ratio of 9.22. The firm has a 50 day simple moving average of GBX 147.84 and a 200 day simple moving average of GBX 153.16. Barclays has a one year low of GBX 131.04 ($1.71) and a one year high of GBX 181 ($2.37).

In other Barclays news, insider Nigel Higgins purchased 10,092 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of GBX 153 ($2.00) per share, with a total value of £15,440.76 ($20,176.09).

About Barclays

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.

Further Reading: What is the Moving Average Convergence Divergence (MACD) oscillator?

Analyst Recommendations for Barclays (LON:BARC)

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.