Barclays (LON:BARC) Price Target Raised to GBX 205 at Deutsche Bank

Barclays (LON:BARC) had its price objective lifted by Deutsche Bank from GBX 170 ($2.22) to GBX 205 ($2.68) in a report published on Tuesday morning, Borsen Zeitung reports. Deutsche Bank currently has a buy rating on the financial services provider’s stock.

Several other research firms have also weighed in on BARC. Shore Capital reiterated a buy rating on shares of Barclays in a research note on Friday, October 25th. Jefferies Financial Group reiterated a buy rating and set a GBX 209 ($2.73) price objective on shares of Barclays in a research note on Monday, October 14th. Royal Bank of Canada increased their price objective on shares of Barclays from GBX 170 ($2.22) to GBX 190 ($2.48) and gave the stock a sector performer rating in a research note on Monday, October 28th. Berenberg Bank reiterated a buy rating and set a GBX 220 ($2.87) price objective on shares of Barclays in a research note on Friday, October 25th. Finally, Goldman Sachs Group set a GBX 190 ($2.48) price objective on shares of Barclays and gave the stock a neutral rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 197.64 ($2.58).

Shares of BARC stock opened at GBX 166.44 ($2.17) on Tuesday. Barclays has a one year low of GBX 131.04 ($1.71) and a one year high of GBX 180 ($2.35). The company’s 50-day simple moving average is GBX 158.35 and its 200-day simple moving average is GBX 153.92. The stock has a market capitalization of $28.74 billion and a price-to-earnings ratio of 16.48.

In other Barclays news, insider Dawn Fitzpatrick acquired 473,406 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of GBX 170 ($2.22) per share, for a total transaction 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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