Barclays (LON:BARC) Given New GBX 210 Price Target at Goldman Sachs Group

Barclays (LON:BARC) had its price objective increased by stock analysts at Goldman Sachs Group from GBX 190 ($2.48) to GBX 210 ($2.74) in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price target indicates a potential upside of 22.48% from the company’s previous close.

A number of other brokerages also recently commented on BARC. 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 report on Friday, November 1st. Morgan Stanley raised their price objective on shares of Barclays from GBX 190 ($2.48) to GBX 200 ($2.61) and gave the company an “equal weight” rating in a research report on Monday, October 28th. HSBC reduced their price objective on shares of Barclays from GBX 220 ($2.87) to GBX 200 ($2.61) and set a “buy” rating for the company in a research report on Thursday, August 15th. Royal Bank of Canada raised their price objective on shares of Barclays from GBX 170 ($2.22) to GBX 190 ($2.48) and gave the company a “sector performer” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 209 ($2.73) target price on shares of Barclays in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 199.45 ($2.61).

Shares of LON:BARC opened at GBX 171.46 ($2.24) on Thursday. The company has a market cap of $29.51 billion and a P/E ratio of 16.98. Barclays has a 52 week low of GBX 131.04 ($1.71) and a 52 week high of GBX 180 ($2.35). The company has a 50-day moving average price of GBX 159.80 and a 200 day moving average price of GBX 153.93.

In related news, insider Dawn Fitzpatrick bought 473,406 shares of the company’s stock in a transaction on Monday, October 28th. The stock was bought at an average cost of GBX 170 ($2.22) per share, with a total value of £804,790.20 ($1,051,600.94).

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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