Berenberg Bank Increases Barclays (LON:BARC) Price Target to GBX 280

Barclays (LON:BARC) had its price target lifted by equities researchers at Berenberg Bank from GBX 270 ($3.33) to GBX 280 ($3.46) in a research report issued to clients and investors on Thursday, Digital Look reports. The firm currently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s price target would suggest a potential upside of 38.44% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Barclays in a research report on Tuesday, March 12th. Citigroup restated a “buy” rating on shares of Barclays in a research report on Wednesday, January 31st. Peel Hunt assumed coverage on Barclays in a report on Friday, April 19th. They issued a “buy” rating and a GBX 245 ($3.03) price objective on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 220 ($2.72) price objective on shares of Barclays in a report on Tuesday, February 20th. Finally, Shore Capital reiterated a “buy” rating on shares of Barclays in a report on Thursday, February 29th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Barclays currently has a consensus rating of “Buy” and a consensus target price of GBX 242 ($2.99).

Barclays Stock Down 0.9 %

LON BARC opened at GBX 202.25 ($2.50) on Thursday. The stock’s 50-day simple moving average is GBX 177.68 and its two-hundred day simple moving average is GBX 156.07. Barclays has a twelve month low of GBX 128.12 ($1.58) and a twelve month high of GBX 206.70 ($2.55). The company has a market capitalization of £30.52 billion, a price-to-earnings ratio of 749.07, a PEG ratio of -1.09 and a beta of 1.38.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.