Barclays (BARC) Given a GBX 175 Price Target at Goldman Sachs Group

Barclays (LON:BARC) received a GBX 175 ($2.37) price target from Goldman Sachs Group in a research note issued to investors on Wednesday. The firm presently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group’s target price indicates a potential downside of 11.53% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Deutsche Bank reiterated a “buy” rating and set a GBX 231 ($3.13) price objective on shares of Barclays in a research report on Tuesday, September 26th. UBS Group set a GBX 235 ($3.19) price objective on Barclays and gave the stock a “buy” rating in a research report on Monday, September 25th. reiterated a “buy” rating and set a GBX 250 ($3.39) price objective on shares of Barclays in a research report on Thursday, September 28th. Credit Suisse Group set a GBX 230 ($3.12) price objective on Barclays and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 240 ($3.25) price objective on shares of Barclays in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 218.16 ($2.96).

Barclays (LON:BARC) traded down GBX 1.60 ($0.02) on Wednesday, reaching GBX 197.80 ($2.68). The company had a trading volume of 24,020,117 shares, compared to its average volume of 33,240,000. Barclays has a twelve month low of GBX 177.30 ($2.40) and a twelve month high of GBX 244.40 ($3.31). The company has a market cap of $33,810.00 and a PE ratio of 1,798.18.

In related news, insider Ian Cheshire bought 30,000 shares of Barclays stock in a transaction dated Friday, October 27th. The shares were bought at an average cost of GBX 183 ($2.48) per share, with a total value of £54,900 ($74,450.77).

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About Barclays

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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