Deutsche Bank Reiterates “Buy” Rating for Barclays (LON:BARC)

Barclays (LON:BARC)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Monday, February 5th. They currently have a GBX 234 ($3.23) price objective on the financial services provider’s stock. Deutsche Bank’s target price suggests a potential upside of 17.88% from the company’s current price.

BARC has been the subject of several other research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barclays in a research report on Thursday, February 1st. HSBC reiterated a “buy” rating and issued a GBX 240 ($3.32) price target on shares of Barclays in a research report on Monday, January 29th. Goldman Sachs Group set a GBX 175 ($2.42) price target on Barclays and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Morgan Stanley lowered Barclays to an “equal weight” rating and dropped their price target for the stock from GBX 230 ($3.18) to GBX 215 ($2.97) in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada set a GBX 215 ($2.97) price target on Barclays and gave the stock a “neutral” rating in a research report on Monday, December 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Barclays currently has a consensus rating of “Hold” and a consensus price target of GBX 219.68 ($3.04).

Barclays (LON BARC) opened at GBX 198.50 ($2.74) on Monday. The firm has a market capitalization of $33,870.00 and a PE ratio of 1,834.09. Barclays has a 12-month low of GBX 177.30 ($2.45) and a 12-month high of GBX 244.40 ($3.38).

COPYRIGHT VIOLATION WARNING: “Deutsche Bank Reiterates “Buy” Rating for Barclays (LON:BARC)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2018/02/16/deutsche-bank-reiterates-buy-rating-for-barclays-barc.html.

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)

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.

Leave a Reply